A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30%

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A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. What is the rate of markup on cost?

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50%

75%

100% the Correct answer is this but need explanation please

30%

20%

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: Mar 22, 2021 10:46 PM

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A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30%

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Business Math

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