Cecil green sells golf hats. he knows that most people will not pay more than $20 for a golf hat. cecil needs a 40% markup on cost. what should cecil pay for his golf hats? (round your answer to the nearest cent.) cecil pays $

If we call the cost C then Cecil has to mark the product up 40% of C. That means he needs to charge the whole cost (100%) + 40% of the cost.

That is 140% of C. This amount needs to be $20.

In an equation we have 140% of C which can be written set equal to $20. We solve for C which is the cost or what Cecil should pay for a hat.




This is a proportion so we cross-multiply to solve:


C=$14.29

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