Question: An item having a 7 5 % mark - up on cost would have a _ _ _ _ _ _ _ _ _ _

An item having a 75% mark-up on cost would have a __________ mark-up on selling price.
Group of answer choices
42.86 percent
25 percent
175 percent
33.33 percent

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

PLEASE HELP ! Required information Chapter 1: Applying Excel Step : Download the Applying Excel form located on the left hand side under files. If you have trouble the file is also located in D2L...

Q:

1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs 6 Cost of goods sold 7Variable...

Q:

. Akiko , a mobile Vegan caf , in London sells wraps, bowls, and burgers. It employs two sandwich artists to assemble the wraps as per customer requests. The caf s current daily labor cost is 1 6 0 ,...

Q:

5 Required information Part 1 of 5 [The following information applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $120 and $80,...

Q:

just the yellow boxes PART 2 Cost Volume Relationships - Profit Planning 8 Big Al is about to begin work on the budget for 20x2 and they have requested that you prepare an analysis 9 based on the...

Q:

enter INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column For Scoring shift STATEMENTS Answers inventory ledgor 0. 0 The subsidiary ledger...

Q:

This computer project involves the calculation of various items associated with the Income Statement. A spreadsheet is to be designed to accept input in one section, and then produce output in...

Q:

Hercule Company began operations in 2 026. The following information was taken from Hercule's accounting r ecords for 2026 and 2027: 2026 Units produced 2027 25,000 Direct materials cost per unit $11...

Q:

from my end the images are clear please try zoom them 1) This is only 1 question but has multiple parts in it: PLEASE EXPLAIN EACH OF THEM ALSO PLEASE EXPLAIN IN EXCEL AND PLEASE UPLOAD ANSWERS IN...

Q:

How do I go about making a forecast in this scenario? Where am I supposed to look, I can include other documents as well if that helps. I have calculated a WACC of 9.77% and a multiple of 6.65. 2015E...

Q:

Diane Vance, a factory worker, earns $1,000 each week. In addition, she will receive a $4,000 bonus at year-end and a four week paid vacation. Prepare the entry to record the weekly payroll and the...

Q:

Cinema advertising is unimportant in the United States but a major media in such countries as Austria. Why?

Q:

Estimated variable manufacturing overhead costs are $ 4 2 5 , 0 0 0 and actual variable manufacturing overhead costs are $ 4 5 0 , 0 0 0 . The standard allocation base is 7 0 , 0 0 0 labor hours and...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...