A certain product sold for 39,200 has a 14% markup on cost. How much is the cost of the product? 

Let's solve this problem step by step.

Given:
- Selling price of the product = 39,200
- Markup on cost = 14%

Let \( C \) be the cost of the product.

The selling price is the cost plus the markup, which is 14% of the cost:
\[
\text{Selling Price} = C + 0.14C = 1.14C
\]

We are given that the selling price is 39,200:
\[
1.14C = 39,200
\]

To find \( C \), divide both sides of the equation by 1.14:
\[
C = \frac{39,200}{1.14} \approx 34,385.96
\]

So, the cost of the product is approximately **34,385.96**.

Would you like any more details or have further questions?

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Here are 5 related questions you might find interesting:

1. How much would the selling price be if the markup was increased to 20%?
2. What is the profit made from selling the product at this price?
3. How much would the cost be if the selling price was 50,000 with the same 14% markup?
4. If the cost was reduced by 10%, what would be the new selling price with the same markup?
5. How can you determine the markup percentage if you know both the cost and the selling price?

**Tip:** When solving percentage problems, it’s helpful to remember that a percentage increase or markup is calculated as a fraction of the original amount.

Learn how to calculate the cost of a product given its selling price and a 14% markup. Detailed step-by-step solution provided. Suitable for high school students and anyone interested in understanding markup calculations.

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