If a wholesaler takes a 50 percent markup on its cost, this is equal to a ______________ markup on selling price.
A) 33 1/3%
Aiwa Industries sells directly to auto parts retailers and is trying to set a price on a radar detector so that its retailers can sell it for $100. If the retailers need a 30 percent markup--and Aiwa can produce the item for $35--what markup could Aiwa take for itself?
A hardware retailer who seeks a markup of 50 percent recently bought a new item for $15.00. To determine its selling price, he/she should add ______________ to this cost.
A drugstore buys toothpaste from its wholesaler for $30.00 a case. This retailer uses a 25 percent markup. The retail selling price for a case of the toothpaste will be:
E) There is not enough information to tell.