Find the cost of the following item. a table marked up $45.00, selling for $189.95 4.22 144.95 234.95 8,357.80

Hence, the Cost of the item is:

$ 144.95

Step-by-step explanation:

" Markup is the ratio between the cost of a good or service and its selling price.A markup is added into the total cost incurred by the producer of a good or service in order to cover the costs of doing business and create a profit ".

Here we are given Markup price= $ 45

and Selling price=$189.95

So the cost price is determined by:

Selling price=Cost price+ Markup price.

⇒ Cost Price=Selling Price-Markup Price.

⇒ Cost Price=$189.95-$45

⇒ Cost Price=$144.95

Hence, Cost of item is: $144.95.

so what is the problem what are they asking you to solve

step-by-step explanation:

so what is the problem what are they asking you to solve

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