Question
Calculating Price Using a Markup Percentage of Cost Aunt Cecilia's Gift Shop has decided to price the candles it sells at cost plus 70%. One
Calculating Price Using a Markup Percentage of Cost
Aunt Cecilia's Gift Shop has decided to price the candles it sells at cost plus 70%. One type of carved pillar candle costs $5, and scented votive candles cost $0.70 each.
Required:
1. What price will Aunt Cecilia's Gift Shop charge for the carved pillar candle? If required, round your answer to two decimal places. $
2. What price will Aunt Cecilia's Gift Shop charge for each scented votive candle? If required, round your answer to two decimal places. $
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Auditing and Assurance Services
Authors: Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau
7th edition
978-1259573286, 1259573281, 978-1260152166
