Asked by Beth
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
Answered by
Steve
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.
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