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Assume that markup is based on selling price. Calculate the cost and selling price.

Dollar markup $4.00
Percent markup on selling price 20.00%

Cost and selling price?

Respuesta :

The cost price is $20.

The selling price is $24.

What is the cost price and selling price?

When the price of an item is marked up, it means that the price of the item has been increased.

Cost price = dollar mark up / percent dollar mark up

4/0.2 = $29

Selling price = (1.20 x 20) = $24

To learn more about percentages, please check: https://brainly.com/question/25764815

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