2. An item costs a retailer $200. If a 30 percent markup is desired, what should...

Question

Question

2. An item costs a retailer $200. If a 30 percent markup is desired, what should the

retail selling price be?

Answer 1

Answer #1

Solution:

Retail sales price can be calculated as

Sale price = Cost to retailer + Cost to retailer * markup percentage

Given in the question

Cost to retailer = $200 and markup percentage = 30%

Sale price = $200 + ($200*30%) = $200 + $60 = $260

So Retailing price should be $260

Answer 2

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