Jamie Corporation had the following information:
- What is the markup based on materials?
A) 400.0%
B) 185.7%
C) 42.9%
D) 71.4%

Name: Jamie Corporation had the following information: - What is the markup based on materials? A) 400.0% B) 185.7% C) 42.9% D) 71.4%
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Jamie Corporation had the following information: 
- What is the markup based on materials?
A) 400.0% 
B) 185.7% 
C) 42.9% 
D) 71.4%

Quizplus · Accepted Answer

Markup based on materials is calculated as (Selling Price - Cost of Materials) / Cost of Materials. A markup of 400% means the selling price is 5 times the cost of materials.

Jamie Corporation Had the Following Information