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a. $19.60
b. $10.00
c. $8.40
d. None of the above is correct.
Well everybody has correctly answered b) $10, but nobody has shown their working clearly. There's no point in posting and answering these plagiarised questions without explaining WHY the answer is what it is.
Retail price = $14
Markup =40% =0.4
Retail price = Cost * (1+Markup)
=>14 = Cost *1.4
=> Cost =14/1.4 = $10
The answer is : Option ( b )
It's the2nd option....Option B.
My Answer Is Option " B " .....
Presume cost is =100
Mark-up40%=40
Total selling price should be =140
In this case selling price is =14
So cost to be =14 x100/140
=10
My answer is option (B) $10.00
b. is correct answer...............................................................
B10.................................................................................
The answer is : 14 *40/56 =10
$10
(100 *14)/140 =10 => b. $10.00
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