ALZ Corporation Marks Up All Its Inventory 20% Based on Cost;

Multiple Choice

ALZ Corporation marks up all its inventory 20% based on cost; that is, if an item costs $100, its selling price is $120. If an item costs $150, which of the following is/are true: (i) the "selling price" field in the table should be $180, (ii) the "selling price" field should be numeric.

A) i only.
B) ii only.
C) Both i and ii.
D) Neither i nor ii.