You wish to sell a chair, which cost you $300, at a profit of 50% percent...
You wish to sell a chair, which cost you $300, at a profit of 50% percent markup based on cost. What is the Margin percentage?
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A.33% |
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B.45% |
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C.50% |
Homework Answers
Cost = $300
Profit = 50% of cost
= 50% X $300
= $150
Sales = Cost + Profit
= $300 + $150
= $450
Margin Percentage = Profit / Sales
= $150 / $450
= 33%
Option A
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