menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Math For Business
  4. Exam
    Exam 12: Markups and Markdowns: Perishables and Breakeven Analysis
  5. Question
    JC Penney Sells a Timex Watch for $139
Solved

JC Penney Sells a Timex Watch for $139

Question 43

Question 43

Multiple Choice

J.C. Penney sells a Timex watch for $139.99 that cost $89.97. J.C. Penney's percent of markup based on the selling price is:


A) 35.56%
B) 35.57%
C) 35.73%
D) 37.52%
E) none of these

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: If percent markup on cost and selling

Q7: Francis's Bakeshop makes cupcakes that cost $.95

Q38: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7808/.jpg" alt=" " class="answers-bank-image d-block" rel="preload"

Q63: Markdowns may be caused by:<br>A)Lack of seasonal

Q65: May's Bakeshop makes triple chocolate brownies that

Q81: Belle's Bake Shop makes croissants that cost

Q83: Gross profit plus operating expenses equals net

Q93: To place a price on perishable items,

Q99: When markup is based on selling price,

Q104: Contribution margin is:<br>A)Net sales<br>B)Revenues plus variable cost<br>C)Revenues

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines