mark up rate of 40% cost is 350 what is the percentage of selling price

To find the percentage of the cost that represents the selling price given a markup rate of 40%, we can use the following formula:

\[
\text{Selling Price} = \text{Cost} + (\text{Markup Percentage} \times \text{Cost})
\]

Given:
- Cost = 350
- Markup Percentage = 40% = 0.40

First, let's calculate the selling price:

\[
\text{Selling Price} = 350 + (0.40 \times 350)
\]

\[
\text{Selling Price} = 350 + 140 = 490
\]

Now, the selling price is 490. To express the selling price as a percentage of the cost:

\[
\text{Percentage of Selling Price} = \left( \frac{\text{Selling Price}}{\text{Cost}} \right) \times 100
\]

\[
\text{Percentage of Selling Price} = \left( \frac{490}{350} \right) \times 100 = 140\%
\]

### Final Answer:
The selling price is 140% of the cost.

Would you like further clarification or details?

---

**Relative Questions:**
1. How is markup different from profit margin?
2. What happens if the markup rate is reduced to 20%?
3. Can markup be negative? How would that affect the selling price?
4. How do you calculate profit from the selling price?
5. How does a change in cost affect the selling price?

**Tip:** Always double-check the percentage calculation when working with markups to avoid confusion between markup and profit margin.

Find out how to calculate the selling price with a 40% markup on a cost of 350. Learn the step-by-step process, key formulas, and how to express the selling price as a percentage of the cost. Perfect for students in Grades 6-8.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation