Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business
New Topic  
rolpace88 rolpace88
wrote...
Go to Answer
Posts: 3242
Rep: 25 0
8 years ago
Cost = $48.19; selling price = $58.79. Find the markup and the rate of markup based on the selling price.
A) Markup = $10.60
Rate of markup based on selling price = 82.0%
B) Markup = $10.60
Rate of markup based on selling price = 18.0%
C) Markup = $21.20
Rate of markup based on selling price = 22.0%
D) Markup = $21.20
Rate of markup based on selling price = 51.8%
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
Read 654 times
5 Replies
Replies
Answer verified by a subject expert
MillionMillion
wrote...
#1
Top Poster
Posts: 3708
Rep: 364 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

rolpace88 Author
wrote...
#2
8 years ago
Wonderful, thx.
wrote...
#3
8 years ago
A thumbs up would be appreciated Smiling Face with Glasses
Anonymous
wrote...
#4
6 months ago
Help! The answer is missing an explanation...
wrote...
#5
Educator
6 months ago
Markup = Selling price - Cost
Markup = 58.79 - 48.19
Markup = $10.60

Use the formula:

(Markup / Selling price) * 100% = Rate
(10.60 / 58.79) * 100% = 18.03%
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1276 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 255
  
 92
  
 215
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: How often do you eat-out per week?