If a retail jeweler sells a pair of gold earrings for $213.90. The jeweler uses a 130% markup based on cost.
Answers:
A. $93.00 C. $276.90
B. $164.53 D. $278.07
I did:
Change 130% to 1.3 factor
Cost x 1.3 = $213.90
So cost = 213.90/1.3 = $164.54
I s this correct?