Joe was short on time,so rather than doing any price experiments on competitive shops,he just keystoned every product's price in his skateboard shop.The initial mark-up percent that Joe is using is:
A)25%
B)50%
C)100%
D)10%
E)200%

Question

Quizplus · Accepted Answer

Keystoning is a 50% initial mark-up,just doubling the cost of the merchandise to get the first retail price.This is often an easy and quick way to price product,but disregards the many other important factors that need to be considered when pricing product.

Joe Was Short on Time,so Rather Than Doing Any Price