When determining the markup, it is important to know whether it ...

[Pea0909berry]

When determining the markup, it is important to know whether it is based on cost or selling price.
 
 Indicate whether the statement is true or false

Question 2

Zoey is setting a price for her store's newest item. She purchased the item for 45 and decides to sell it for 54 using markup pricing. If she wanted to calculate the markup as percentage of cost, it would be ______________. If she wanted to calculate the markup as the percentage of the selling price, it would be ______________.
 A) 16.7; 20
  B) 33; 25
  C) 20.5; 15.6
  D) 20; 16.7
  E) 15; 10.5

[Expo]

Answer to Question 1

True

Answer to Question 2

D