A computer sells for $995, which is marked up 35% of the selling price. The cost of the computer is:
A)$1,343.25
B)$1,433.52
C)$1,350.77
D)$1,530.77
E)None of these

Question

Quizplus · Accepted Answer

The cost of the computer is found by dividing the selling price by 1 plus the markup rate (in decimal form). So, the cost = $995 / (1 + 0.35) = $995 / 1.35 = $737.04, which is not listed among the options.

A Computer Sells for $995, Which Is Marked Up 35