Solve the problem. Round dollars to the nearest cent and rates to the nearest tenth of a percent.
-The amount of markup on a store item is $17. Find the cost to the store if the markup is 20%.
A)$14.17
B)$20.40
C)$3.40
D)$85.00

Question

Quizplus · Accepted Answer

The markup is 20% of the cost to the store, so if the markup is $17, then $17 is 20% of the cost. To find the cost, divide the markup by the markup rate: $17 / 0.20 = $85.

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