Multiple Choice
An item has a 8.2% markup based on selling price. What is the equivalent markup percent based on the cost?
A) 92.4%
B) 7.6%
C) 8.9%
D) 91.1%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Cost plus markup is equal to the
Q3: Markup may be expressed as:<br>A) the difference
Q4: Manufacturers typically use a markup based on
Q5: Cost is equal to markup plus selling
Q6: James Page works in a local music
Q7: Sales minus the cost of merchandise and
Q8: A series of markups or markdowns may
Q9: The difference between the markup and the
Q10: The amount of markdown divided by the
Q11: Original price $1489.00; markdown $163.79. Find the