Quiz 8: Markup and Markdown

Business

Given, the cost to produce electric woks is img and markup added is img . The retailing equation states that, the selling price of an item is equal to the cost plus markup i.e. img Substitute cost img and markup img into previous formula and solve. img Thus, selling price per unit for electric woks is img .

The retailing equation states that the selling price is equal to the img plus the img . The retailing equation states that, the selling price of an item is equal to the cost plus markup img

Given, C M F sells desks for img and cost for it is img . Amount of markup is given by the formula: img Substitute selling price img and cost img into previous formula and solve img Thus, amount of markup for desks is img .

There is no answer for this question

There is no answer for this question