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6 August, 22:49

An Apple ipod sells for $299, which is marked up 40% of the selling price. The cost of the Ipod is what?

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  1. 6 August, 22:55
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    This means that the original price is 60%, which we will use to calculate it.

    299 (the discounted price) : x (the original price) = 60 % : 100 %

    60x = 299 * 100

    60x = 29900

    x = 29900 / 60

    x = 498.33

    The cost of the Ipod is $498.33
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