Stadium Company charges cost plus 60%.If the price of an item is $260, what is the item's cost?
A) $180
B) $162.50
C) $100
D) $125.50
E) $150.75

Name: Stadium Company charges cost plus 60%.If the price of an item is $260, what is the item's cost? A) $180 B) $162.50 C) $100 D) $125.50 E) $150.75
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price = COGS + (markup × COGS) or Price = COGS × (1 + markup) thus COGS = price / (1 + markup)
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Stadium Company Charges Cost Plus 60