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A home decorating store carries handmade floor tile with a markup of 32% on the selling price. If the tile has a markup of $1.48 per tile, find the selling price, the cost, and the cost as a percent of the selling price.

Respuesta :

Given:

a markup of 32% on the selling price.

the tile has a markup of $1.48 per tile

Let the selling price = x

so,

32% of x = 1.48

[tex]\begin{gathered} 0.32x=1.48 \\ x=\frac{1.48}{0.32}=4.625 \end{gathered}[/tex]

so, the selling price = $4.625

The cost per tile =

[tex]4.625+1.48=6.105[/tex]

The cost as a percent of the selling price =

[tex]undefined[/tex]

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