Question
I'm selling toy cars I buy them for $2.25 and sell them for $8. I run a price promotion of buy 3 and get one
I'm selling toy cars I buy them for $2.25 and sell them for $8. I run a price promotion of "buy 3 and get one for half price". What is my average markup on the cost of each car?
Cost Markup % on Markup % on Retail Price cost Retail $100 1100% $500 2% 70% $ 130 75% $ 200 MU in $
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
