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How do you get the original price of an item if its selling price is 45.50 and the markup percentage is 17 percent?
Wiki User
∙ 11y ago
The original price = the selling price - the markup price
Therefore, just write it like that in a mathematical expression as follows:
OP = SP - MP
Then input the known information as follows:
OP = 45.50 - (OP * .17)
OP + OP(.17) = 45.50
OP * (1+.17) = 45.50 (Use the distributive property (algebra) to do this step).
OP * 1.17 = 45.50
OP = 45.50 / 1.17
OP = 38.88 (.8 repeating)
Optionally, for quick calculating (if you need to do a lot of this type of calculation often), just divide the selling price by 1+the markup %: e.g.: 45.50 / (1.17) = 38.88 (repeating).
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Now i'm not 100%, so check this first but I believe you do the equation-
x+.17x=45.50 solve that and you should, theoretically, get your answer
Wiki User
∙ 11y ago
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What is the selling price if it cost 15 and the percent of markup is 15?
The selling price would be 17.25 if it cost 15 and the percent of markup is 15.
If the selling price is 18.00 snd the markup is 33 percent what is the dollar markup?
$4.47
Nick wants to buy a pair of shoes. The original cost of the shoes is 56.75 and the markup is 12 percent. How much will he have to pay for the shoes markup value original cost and times percentage mark?
49.64
What is a markup calculator Where can I buy one?
A markup calculator helps you determine the selling price of a product but you have to know the original cost as well as the percent markup. You can get them online for no expense. I've linked one for you. http://www.pine-grove.com
What is 100 percent markup?
Selling for double what you paid for it.
What is the percent markup on a pair of shoes selling for 120.00 that had a wholesale cost of 80.00?
50% markup.
How do pricing percentage markups work For instance does 100 percent markup double the price Or would that be a 200 percent markup?
100 percent markup will double the price. 200 percent markup would triple the price. (For markup read increase.)
How do you find the percent of markup?
(Selling Price - Cost price)/Selling Price * 100
What is the selling price of a 12.82 item with a mark-up of 32 percent?
-19.18
What is the markup percent on a diamond for which the markup is 1162 and the selling price is 3962?
3962 -1162 = 2800 which is dealer cost markup % = (3962/2800 - 1) times 100 to get percent = 41.5%
How do you find out selling price of a product if gain percentage is given by?
'Gain percentage' is usually called markup. Cost x (1 + markup percentage/100) = selling price. Ex: a book cost $20 wholesale. The store markup is 25%. Fine the selling price. SP = 20 x (1 + 25/100) = 20 x (1.25) = $25
How do you find the cost and the selling price if you know the markup price 130.50 and the markup percentage 58?
There is no cost for which a 58% markup would give a price of 130.50.
