The Price Structure in a Store Is Such That, for Every

Short Answer

The price structure in a store is such that, for every $100 of sales, $40 is the cost the goods sold and $45 goes to overhead costs. For an item with a wholesale cost of $119, determine
a. It's selling price
b. The rate of markup on cost
c. The rate of markup on selling price
d. The operating profit on the item