Question
Burley Sports retails regualr helmets for $80. Burley obtains thises from the factory at $55. Overhead expenses are 20% of the selling price.
a) the amount of the mark-up
b) the rate of mark-up based on cost
c) the rate of mark-up based on selling price
d) the profit for each helmet
a) the amount of the mark-up
b) the rate of mark-up based on cost
c) the rate of mark-up based on selling price
d) the profit for each helmet
Answers
Ms. Sue
I'll get you started. Then we'll be glad to check your other answers.
a)
$80 - 55 = $25 >> amount of mark-up.
a)
$80 - 55 = $25 >> amount of mark-up.