Whoops, I think I answered this incorrectly.
I think you are looking for the price that the store got the spools for ($0.40) over the difference ($0.22).
Our equation is
x/100 = 0.40/0.22
Refer to my first post if you are confused.
Way 1:
0.40/0.22= 1 81/99
What does x have to be for x/100 to equal 1 81/99?
I suggest rounding to the nearest hundredth.
Way 2:
0.4 * 100 = 40
x * 0.22 = 0.22x
0.22x = 40
What does x have to be for 0.22 * x to equal 40?
Hope at least one of the answers I supplied helped.
P.S. I just realized that you're probably the one posting all of the questions about mark-ups and sales taxes.
Would you mind showing us where you need help with? Maybe show some work?
I'm just a bit concerned that you might be posting all of your homework here in order to finish it up quickly for tomorrow.