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A store sells an item for $430 each. If this is a 64.5% markup on the selling price, find the equivalent markup percent on cost.
A store sells an item for $430 each. If this is a 64.5% markup on the selling price, find the equivalent markup percent on cost. Round to the nearest tenth of a percent. A. 181.7% B. 39.2% C. 430% D. 110.4% Step by Step Solution
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Mark S. Bettner, Susan F. Haka, Sue Haka
11th Edition
0072516682, 978-0072516685
