Question

a tractor dealer puts a markup of 29% on cost on a part for which it paid $490. find (a) the selling price as a percent of cost, (b) the selling price, and (c) the markup. (a) the selling price as a percent of cost is \\(\square\\)% (type an integer or a decimal )

Explanation:

Step1: Understand the concept of markup

The cost price is considered as 100% of the cost. The markup is 29% on cost, so the selling price as a percent of cost is the cost percent plus the markup percent.

Step2: Calculate the selling price percent of cost

The cost is 100% of itself. The markup is 29% on cost. So, the selling price as a percent of cost is $100\% + 29\% = 129\%$.

Answer:

129