Travers Company sets prices equal to cost plus 55%. Recently, the company charged a customer a price of $60 for an item. What was the cost of the item?
A) $25.20
B) $38.71
C) $40.32
D) $42.00

Question

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The Answer of Travers Company sets prices equal to cost plus 55%. Recently, the company charged a customer a price of $60 for an item. What was the cost of the item?
A) $25.20
B) $38.71
C) $40.32
D) $42.00

Travers Company Sets Prices Equal to Cost Plus 55