Question
Please Help. I have worked and worked on this and just don't seem to undertand what I am suppose to do.
Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $115 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost."
a. What is the equivalent rate of percent markup on cost compared to the 20% markup on selling price? (Round your answer to the nearest hundredth percent.)
Rate of percent
Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $115 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost."
a. What is the equivalent rate of percent markup on cost compared to the 20% markup on selling price? (Round your answer to the nearest hundredth percent.)
Rate of percent
Answers
Anonymous
Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost."
a. What is the equivalent rate of percent markup on cost compared to the 30% markup on selling price?
a. What is the equivalent rate of percent markup on cost compared to the 30% markup on selling price?