The selling price, s, of an item is s = c + mc, where c is the cost of the item and m is the percent markup based on cost. what is the formula solved for m?

The percent markup based on cost, where s is the selling price and c is the cost of the item.

Step-by-step explanation:

Given: The selling price, s, of an item is , where c is the cost of the item and m is the percent markup based on cost.

To, solve the formula for m, first subtract 'c' from both the sides, we get

Now, divide 'c' on both the sides, we get

Hence, the value of m (the percent markup based on cost)=, where s is the selling price and c is the cost of the item.

the correct answer is 1: 2

step-by-step explanation:

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