Find the markup and the cost of the following item. Round answers to the nearest cent.A mirror selling for $98.00, marked up 30% on cost.M=C=Find the markup and the cost of the following item. Round answers to the nearest cent.A ream of paper selling for $2.19, marked up 11% on cost.M=C=

Answer:1st question: M=22.62 while C=75.382nd question: M=.22 while C=1.97Step-by-step explanation:If a mirror costing x dollars is marked up 30%, then we have to find x such that 30%x+x is 98 dollars.We are solving:.3x+x=98Combine like terms:1.3x=98Divide both sides by 1.3:x=75.38 M=98-75.38=22.62C=75.38So M=22.62 while C=75.38.If ream of paper cost x and is marked up 11%, then we have to find x such that 11%x+x is 2.19.We are solving:.11x+x=2.191.11x=2.19x=1 97M=2.19-1.97=.22So M=.22 while C=1.97