Q3. A furniture store sells baby furniture for $260.00 per set. If the markup is 150% on cost, the cost of the furniture is:

a. $156.00

b. $104.00

c. $180.00

d. $173.33

Q4. To find the selling price of an item, the following formula can be used:

a. selling price equals cost minus margin

b. margin equals selling price minus cost

c. cost equals selling price minus margin

d. selling price equals cost plus margin