Multiple Choice
Vandelay Industries manufactures a range of latex products. To set the price of its products, George, the CEO of Vandelay, calculates the total cost associated with the manufacturing of each product, then multiples that by 1.5 to get the sales price. Therefore, a product that cost $10 manufacture would sell for $15. Vandelay's markup percentage is:
A) 50%
B) 150%
C) 25%
D) You cannot calculate Vandelay's markup from the information provided
Correct Answer:
Verified
Correct Answer:
Verified
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