Question
Fine Framings, a small framing shop, uses markup pricing to arrive at a final selling price. The firm sells its frames at a price of
Fine Framings, a small framing shop, uses markup pricing to arrive at a final selling price. The firm sells its frames at a price of $25, given a $15 unit cost. Fine Framings' markup on the selling price is ____, and its markup on cost is ____.
| 250%, 100% |
| 40%, 66-2/3% |
| 66-2/3%, 40% |
| 167%, 67% |
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Finance At 40 Financial Intelligence
Authors: MOIRA O'NEILL Moira O'Neill
1st Edition
1408101114, 978-1408101117
