Anita Alvarez sells clothing for Toddler’s Shop. Baby blankets sell for $29.99 after a markup rate based on cost of 109%. Find the cost to the nearest cent.
If the final price after an additional 109% markup is $29.99, then $29.99 is 209% of the original cost. Let that cost be x: (209%)(x) = 29.99 2.09x = 29.99 x = 14.349 Therefore, the original cost was $14.35 (rounded to the nearest cent).
