After applying a rate of markup of 50% based on selling price, a retailer prices a pair
Question:
After applying a rate of markup of 50% based on selling price, a retailer prices a pair of gloves at $19.90.
a. What is the cost of the gloves to the retailer?
b. What is the rate of markup based on cost?
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a Let us assume that cost price x Make up 50 on the co...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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