There has been quite a few problems solved on markup based on selling price. This should give you (or others) another example to work on your other problems.
retail price = selling price.
If there is a 55% markup based on selling price, then the cost price is 100-55=45%
So the highest possible cost is
$79.95*0.45=$35.98.
15. You are the buyer for The Shoe Outlet. You are looking for a line of men’s shoes to retail for $79.95. If your objective is a 55% markup based on selling price, what is the most that you can pay for the shoes and still get the desired markup
1 answer
1 answer