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Author Question: A buyer purchased hand-painted napkin rings for a special sale. The rings cost 14.40 a dozen and ... (Read 162 times)

P68T

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on: Sep 11, 2018
A buyer purchased hand-painted napkin rings for a special sale. The rings cost 14.40 a dozen and will retail for 2.50 each. Determine the markup percent.
 
  What will be an ideal response?

Question 2

Find the retail price for a leather sofa that cost 1,800 and has a 51 markup.
 
  What will be an ideal response?


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ttt030911

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Reply #1 on: Sep 11, 2018
Answer to Question 1

52

Answer to Question 2

3,673.47


P68T

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Reply 2 on: Sep 11, 2018
YES! Correct, THANKS for helping me on my review

sarah_brady415

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
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