Montana uses a 140% markup on total cost and recently computed a selling price of $1,560 for a particular product.On the basis of this information,the product's total cost is:
A)$650.00.
B)$910.00.
C)$1,114.29.
D)$2,184.00.
E)some other amount.

Question

Quizplus · Accepted Answer

Markup = Selling price - Total cost140% of Total cost = $1,560 - Total cost140/100 * Total cost = $1,560 - Total cost7/5 * Total cost = $1,560 - Total cost2 * Total cost = $1,560Total cost = $1,560 / 2Total cost = $780

Montana Uses a 140% Markup on Total Cost and Recently