Question
If the markup of a fluorescent light fixture transformer is 120% based on the cost, what is the corresponding percent markup based on selling price
Answers
p = c + 1.2c = 2.2c
c = .45p
so, since the cost is only 45% of the sales price, there is a 55% markup based on sales price.
c = .45p
so, since the cost is only 45% of the sales price, there is a 55% markup based on sales price.
Related Questions
At The Luminary, the markup on a halogen light fixture is 50% based on selling price. What is the co...
At The Luminary, the markup on a halogen light fixture is 50% based on selling price. What is the co...
If the markup of a fluorescent light fixture transformer is 120% based on the cost, what is the corr...