06-07-2006, 12:39 AM
wfauchier Wrote:Your original problem:[INDENT]
A new table has a retail selling price of $1000, and the markup percentage on the selling price is 60%. What is the wholesale cost?
[INDENT]Step by step: (60% = 60/100 = .60 = .6)
x + .6x = 1000
1.6x = 1000
x = 1000/1.6
x = 625 Wholesale cost
[/INDENT]
[/INDENT]Hi wfauchier (and Michelle),
There won't be any question as difficult as that one on the exam.
They will either give you a nice round number as the dollar amount AND/OR a percentage that is easy to figure out. So the calculations can be done quickly and easily in your head.
Please don't lose any sleep worrying about the markup questions.
hilarious
My name is Rob
_____________________________________
Exams/Courses Passed (43):
- Courses (4): 1 Excelsior, 1 CSU-Pueblo, 2 Penn Foster.
- Exams (39): 24 DSST, 15 CLEP.
Total Credits: 142 (12 not used).
[SIZE=1]GPA: 4.0
[/SIZE]
_____________________________________
Exams/Courses Passed (43):
- Courses (4): 1 Excelsior, 1 CSU-Pueblo, 2 Penn Foster.
- Exams (39): 24 DSST, 15 CLEP.
Total Credits: 142 (12 not used).
[SIZE=1]GPA: 4.0
[/SIZE]
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