A retailer has a standard mark-up of 50% on invoiced cost. At the year end, 200 out of 5,000 products had been discounted by 20% of retail price.
Required:
Calculate the estimated costs as a percentage of retail price, separately for regular and discounted products.

Question

Quizplus · Accepted Answer

The Answer of A retailer has a standard mark-up of 50% on invoiced cost. At the year end, 200 out of 5,000 products had been discounted by 20% of retail price.
Required:
Calculate the estimated costs as a percentage of retail price, separately for regular and discounted products.

A Retailer Has a Standard Mark-Up of 50% on Invoiced