MacAllister Company charges cost plus 35%. Suppose the price of an item is $90. What is the item's cost?
A) $50.00
B) $62.50
C) $66.67
D) $80.00

Name: MacAllister Company charges cost plus 35%. Suppose the price of an item is $90. What is the item's cost? A) $50.00 B) $62.50 C) $66.67 D) $80.00
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Let the cost of the item be x.
According to the given information, price = cost + 35% of cost
90 = x + 0.35x
Solving for x, we get x = $66.67. Therefore, the answer is C.

MacAllister Company Charges Cost Plus 35