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A 60.0% markup based on cost is equivalent to what percent based on selling price (retail)?

rolpace88

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9 years ago

A 60.0% markup based on cost is equivalent to what percent based on selling price (retail)?

A 60.0% markup based on cost is equivalent to what percent based on selling price (retail)?
A) 33.3%
B) 37.5%
C) 66.7%
D) 62.5%

Textbook

Business Math

Business Math

Edition: 10^th

Authors: Cleaves, Hobbs, Noble

Read 812 times

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Million

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rolpace88 Author

wrote...

#2

9 years ago

Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.

Million

wrote...

#3

9 years ago

You're welcome

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