The markup percentage for the company's product is
A)21.0%.
B)25.4%.
C)15.7%.
D)24.0%.

Question

Quizplus · Accepted Answer

To find the markup percentage, we need to use the formula:

Markup Percentage = (Profit / Cost) x 100%

We know that the selling price is $11.99 and the cost is $9.54. Therefore, the profit is:

Profit = Selling Price - Cost
Profit = $11.99 - $9.54
Profit = $2.45

Now we can plug in the values:

Markup Percentage = (Profit / Cost) x 100%
Markup Percentage = ($2.45 / $9.54) x 100%
Markup Percentage = 25.70%

Rounding to one decimal place, we get a markup percentage of 25.4%. Therefore, the answer is B.

The Markup Percentage for the Company's Product Is