



 
Blake, If I go into this shop and look at the price I know it is made up of two parts, $\$1.79$ and the markup. You have said that the markup is $40\%$ of the price and hence $\$1.79$ is $60\%$ of the price. That is \[1.79 = 0.60 \times \mbox{ price.}\] Hence \[ \mbox{ price } = \frac{1.79}{0.60.}\] Penny  


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