Find the cost of the following item. a table marked up $45.00, selling for $189.95 4.22 144.95 234.95 8,357.80

Cost price of an item = $144.95

Step-by-step explanation:

Cost price is the price at which the article is purchased .

It includes all the expenses incurred on that item till the time it is owned by us .

Selling price is the price at which the item is sold to the customer .

Market price is the price marked on the product . It is basically the current price of the item .

We know that selling price - market price = cost price

Given :

Market price of an item =  $45.00

Selling price of an item = $189.95

To find : cost price of an item

Solution :

Cost price = $189.95 - $45.00 = $144.95