Question
Johnny Mac's Sporting Goods bought a baseball glove from Rawlings Sporting Goods for $66.00. They
want to mark up the glove 70% on selling price. What should Johnny's sell the glove for?
A. $113.22
B. $179.82
C. $246.42
D. $220.00
I came up with 112.20
66 X .70% = 46.20 + 66.00= 112.20
want to mark up the glove 70% on selling price. What should Johnny's sell the glove for?
A. $113.22
B. $179.82
C. $246.42
D. $220.00
I came up with 112.20
66 X .70% = 46.20 + 66.00= 112.20
Answers
Ms. Sue
You're right.
contacted the instructor and they stated that the correct answer is: 70%-100%=30%/66.00=220.00 is answer
stated that you need to use the formula on selling price not on market price.
stated that you need to use the formula on selling price not on market price.
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