An office supply store adds a $3.50 markup to calculators and sells them for $7.95. (a) What is the cost (in $) of the calculators? (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.) %

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Calculate the missing information. Round dollars to the nearest cent and
percents to the nearest tenth of a percent.
Amount of
Percent Markup
Item
Cost
Selling price
Markup
Based on Cost
Treadmill
24
$990.00
$2,345.00
%
Transcribed Image Text:Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Amount of Percent Markup Item Cost Selling price Markup Based on Cost Treadmill 24 $990.00 $2,345.00 %
An office supply store adds a $3.50 markup to calculators and sells them for
$7.95.
(a) What is the cost (in $) of the calculators?
2$
(b) What is the percent markup based on cost? (Round your answer to the
nearest tenth of a percent.)
%
Transcribed Image Text:An office supply store adds a $3.50 markup to calculators and sells them for $7.95. (a) What is the cost (in $) of the calculators? 2$ (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.) %
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