a pitcher sells for 46.00, which is marked up 40% based on cost.What is the cost of the pitcher? Round to the ??

27.60

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28

28.00

the pitcher sell cost is $46..the actual profit is $18.40 and the actual cost of the pitcher is $27.60

umm if the pitcher sells for 46.00 then the cost is 46.00 so l think you mean what was the cost before the 40%markup which would be 27.60

As usual, no one knows how to figure profit correctly. The cost of the pitcher would be approximately 32.88 or 33.00 if you want to round up.

33.00 x 40% = 13.20 That is your profit.

33.00 + 13.20 = 46.20 That is your sales price.

Typically you base your profit on the retail price, not cost.