A distributor sells a product for 67 to his customers in which his mark-up rate is 7%. What is the cost of the product? Be sure to round your answer to the nearest cent.

Solución

Solución

Amount before addition : 62.61682 \dots

Pasos de solución

Translate the problem into an equation:

67 = x + 0.07 x

67 = x + 0.07 x : x = \frac{6700}{107}

\frac{6700}{107} = 62.61682 \dots

Amount before addition : 62.61682 \dots

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