Concept explainers
To Write: A problem based on the information below:
Answer to Problem 18PPE
The markup value for a notebook is 0.25 times the cost of the notebook. If the selling price is 3.75, find the actual cost of the notebook?
Explanation of Solution
Given information:
Calculation:
It is given that c is the cost of the note book.
0.25c can be stated as 0.25 times c.
The markup value for a notebook is 0.25 times the cost of the notebook. If the selling price is 3.75, find the actual cost of the notebook?
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