Problema Solution
IBM printers are selling for $80 and they were markup $30. What is the markup price and original cost?
Answer provided by our tutors
The problem tells us that the printers are marked up by $30 and selling for $80. Therefore, $80 is the markup price. The original cost will equal the total markup selling price minus the markup.
$80-$30=$50
Therefore, the original cost is $50