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The selling price, s, of an item is s = c + mc, where c is the cost of the item and m is the percent markup based on cost. What is the formula solved for m?

Respuesta :

MissPhiladelphia
For the answer to the question above on what is the formula solved for
m
s = c ( 1 + m) 

1 +m = s / c 

So, the answer to your problem is
m = s / c - 1 = (s - c) / c 
I hope my answer helped you. Have a nice day!
JeanaShupp

Answer: The percent markup based on cost[tex]m=\frac{s-c}{c}[/tex], where s is the selling price and c is the cost of the item.

Step-by-step explanation:

Given: The selling price, s, of an item is [tex]s=c+mc[/tex], where c is the cost of the item and m is the percent markup based on cost.

To, solve the formula for m, first subtract 'c' from both the sides, we get

[tex]s-c=mc[/tex]

Now, divide 'c' on both the sides, we get

[tex]\frac{s-c}{c}=m[/tex]

Hence, the value of m (the percent markup based on cost)=[tex]\frac{s-c}{c}[/tex], where s is the selling price and c is the cost of the item.

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