Asked by Ruthie
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
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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?
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