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The price p in dollars that a store sets for an items is given by the equation p=c + 1/10c where c dollars is the stores cost for the items if the store sets a price of $55 for an ideal what is the cost for the item

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ashishdwivedilVT

The cost of the item whose price $ 55 is $ 50.

What is Cost Price?

The cost price is the price paid by an individual to buy an item or any other commodity. Or this can also be taken as the total amount of money spent by the manufacturer to assemble a product or deliver a service.

Here, Price equation in terms of cost

       P = C + C/10

      P =  (10C+C)/10

      P = 11C/10

      C = 10P /11

For P = $ 55, the cost will be

      C = 10 X 55 / 11

      C = 10 X 5

      C = $ 50

Thus, the cost of the item whose price $ 55 is $ 50.

Learn more about Cost Price from:

https://brainly.com/question/13098002

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