Author Question: If a retailer buys a product for 30 and sells it for 50, what is the markup percentage, if the ... (Read 105 times)

HudsonKB16 · **on:** Jun 29, 2018

If a retailer buys a product for 30 and sells it for 50, what is the markup percentage, if the markup is based on cost?
a. 33 percent
b. 40 percent
c. 67 percent
d. 80 percent
e. 100 percent

Question 2

As a general rule, managers should use the 80-20 rule for endcaps, where 80 percent of items on the endcap are announced sale items, and 20 percent are unannounced sale items.

Indicate whether the statement is true or false