Find the equivalent markup. Round to the nearest tenth of a percent.
-Markup on cost: Markup on selling price: 16.8%
A)85.6%
B)79.8%
C)14.4%
D)20.2%

Name: Find the equivalent markup. Round to the nearest tenth of a percent. -Markup on cost: Markup on selling price: 16.8% A)85.6% B)79.8% C)14.4% D)20.2%
Brand: Quizplus
Rating: 5.0 (39 reviews)

Question

Quizplus · Accepted Answer

The markup on selling price is 16.8%, which means the cost is 83.2% of the selling price. The equivalent markup on cost is calculated as (selling price - cost) / cost = (16.8 / 83.2) * 100% = 20.2%.

Find the Equivalent Markup