To calculate the selling price when the cost and the percent of markup based on the selling price are known, you would use the formula:
$$\frac { \text { cos t } } { \text { $100 \%$ - Percent markup on selling price } }$$

Question

To calculate the selling price when the cost and the percent of markup based on the selling price are known, you would use the formula:
​ $$\frac { \text { cos t } } { \text { $100 \%$ - Percent markup on selling price  } }$$ ​

Quizplus · Accepted Answer

The formula calculates the selling price by dividing the cost by the difference between 100% and the markup percentage, which adjusts the cost to account for the markup based on the selling price.

To Calculate the Selling Price When the Cost and the Percent