The Sound Shop buys a popular programmable telephone from a supplier for $12.19. If the desired...
The Sound Shop buys a popular programmable telephone from a supplier for $12.19. If the desired markup of cost on the telephone is 35 percent, the retail price should be:
1.34.83
2.18.75
3.16.46
4.20.11
Homework Answers
Option (3) is correct
The cost price to Sound shop = $12.19
Desired mark up = 35% of cost price = 35% * $12.19 = 4.27
Retail price = Cost price + Mark up
Retail price = $12.19 + 4.27 = $16.46
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