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) A desk organizer sells for $35, which includes a markup rate of 60% based on the selling price.
a. Find the markup.
b. Find the cost.

Respuesta :

Answer: a. $21

b. $14

Step-by-step explanation:

Selling price of desk organizer = $35

Markup rate = 60%

a. The markup will be:

= Markup rate × Selling price

= 60% × $35

= 0.6 × $35

= $21

Therefore, the markup is $21

b. The cost will then be:

Cost price = Selling price - Markup

= $35 - $21

= $14

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