need help solving this

Question

In her gift shop Cheryl sells all stuffed animals for 60% More Than What She Paid Her Supplier.if One Of These Toys sells for $14 in her shop.what did it cost her

Answer 1

Selling Price = Cost + Markup

 

The Markup is an additional 60% of the cost, so:

 

Selling Price = Cost + 0.60*Cost             [Express 60% as a decimal 0.60]

 

Selling Price = Cost*(1 + 0.60)

 

Selling Price = Cost*(1.6)

 

(Selling Price)/(1.6) = Cost

 

Selling Price is $14.  Can you finish it from here?