Asked by Mary
Please check my answer thanks.
1. Convert a 30 % markup percent on the cost to markup percent on the selling price. Round to the nearest hundredth percent.
A. 25.08 %
B. 13.08%
C. 23.08%
D. 13.80%
I got B. 13.08%
1. Convert a 30 % markup percent on the cost to markup percent on the selling price. Round to the nearest hundredth percent.
A. 25.08 %
B. 13.08%
C. 23.08%
D. 13.80%
I got B. 13.08%
Answers
Answered by
mathhelper
Illustrate with an example.
Suppose you have a cost price of $100
markup based on cost of 30% gives you a selling price of $130 and
a profit of $30
what is that based on the selling price ?
30/130 = .2308 or 23.08%
Suppose you have a cost price of $100
markup based on cost of 30% gives you a selling price of $130 and
a profit of $30
what is that based on the selling price ?
30/130 = .2308 or 23.08%
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