Multiple Choice
Fine Framings, a small framing shop, uses markup pricing to arrive at a final selling price. The firm sells its frames at a price of $10, given a $6 unit cost. Fine Framings' markup on the selling price is ____, and its markup on cost is ____.
A) 66.66%, 40%
B) 40%, 66.66%
C) 40%, 60%
D) 55%, 45%
Correct Answer:
Verified
Correct Answer:
Verified
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