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Now that you have calculated the cost of the product, use that information to calculate the percentage markup based on cost.[Hint: Percentage markup based on
- Now that you have calculated the cost of the product, use that information to calculate the percentage markup based on cost.[Hint: Percentage markup based on cost is = (Price-Cost)/Cost.]
Supplier's cost:
Car 1 = 0.7 x 150,145 = 105101.5 ($)
Car 2 = 0.7 x 144,875 = 101412.5 ($)
Car 3 = 0.7 x 153,395 = 107376.5 ($)
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