An item sells with a markup of 37% on selling price. What is the markup as a percentage on cost?
Let sales price = 100
Markup = 100*37% = 37
Cost = 100-37 = 63
Markup as a percentage on cost = Markup/salea
= 37/63
= 58.73%
An item sells with a markup of 37% on selling price. What is the markup as...
EXERCISES IN FINANCIAL ANALYSIS OF MARKETING DECISIONS 1. An item sells with a markup of 37 per cent on selling price. What is the markup as a percentage on cost? 2. Nora Chambers is preparing a new product analysis for a product she has code- named L240. She has decided L240 should sell at $94.95 retail, based on her market research. Retailers customarily expect a 40 per cent markup and wholesalers, a 20 per cent markup (both expressed as a...
If a retailer sells a coat for $139.99. What was his markup if he bought the coat for $81.79? (15 pts) • Markup in actual dollars? • Express markup as a % of cost? • Express markup as a % of selling price? *Remember that markup percentage is based on selling price unless otherwise noted.
Sheridan Service sells oil at a markup of 48% of the selling price. Sheridan paid $1.03 per litre of oil (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is % (Round the final answer...
Sheridan Service sells oil at a markup of 46% of the selling price. Sheridan paid $0.94 per litre of oil. (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is %. (Round the final answer...
Jun 1, 202 MicroAge sells cellphones at a selling price that includes a 65% markup on cost. If a cellphone costs MicroAge $300, its selling price is Mumple Choice $254.81 $45154 None of these answers is correct $495.00 o $09150
YuCOLUNI 99 A markup of 35% on cost is equivalent to what markup on selling price? 65.00% 35.00% 74.07% 25.93%
Markup percent is based on selling price. Compute the missing terms. Selling Price Markup Percent 100% - Markup Cost a. $2,120 35% % $ b. 420 30% % $ c. 72 35% % $
The cost for an item is $275, while the markup on cost is 70%. Fill in the blanks. ____________ C $100 70% M ____________ ____________ S ____________ The markup for an item is $96, while the markup on selling price is 47%. Fill in the blanks. ____________ C ____________ 47% M $96 ____________ S ____________
Mabrura sells staplers for N$14 that cost N$8. what is mabruras percent markup cost at cost? what is mabruras percent markup at cost at selling price?
Price Markup Write a program that asks the user to enter an item’s wholesale cost and its markup percentage. It should then display the item’s retail price. For example: If an item’s wholesale cost is 5.00 and its markup percentage is 100%, then the item’s retail price is 10.00. If an item’s wholesale cost is 5.00 and its markup percentage is 50%, then the item’s retail price is 7.50. The program should have a function named calculateRetail that receives the...