Question: Working off an 18% margin, with markups based on cost, the Food Co-op Club boasts that it has 5,500 members and a 225% increase in
| Working off an 18% margin, with markups based on cost, the Food Co-op Club boasts that it has 5,500 members and a 225% increase in sales. The markup is 45% based on cost. What would be its percent markup if selling price were the base? (Round your answer to the nearest hundredth percent.) |
| Percent markup | % |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
