What is the percentage markup on the cost of a bicycle if the retail price is $140 and the cost is $80?
What is the percentage markup on the retail price of a pair of hiking boots if the retail price is $80 and the cost is $46?
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.425 is the answer to the second
so was i right? if i was can i get a medal?
Using the cost method of pricing, what is the retail price of a music CD if the cost is $6.75 and the markup on cost is .35? Please round the answer to the nearest cent.
is my answer correct to this?
i thinks its $9.11
Cost * %markup + cost = retail price
(140-80)/80 = 60/80 = 0.75
for the 1st
(80-46)/46 = 0.74
hmmm..i get 0.74 for 2nd which is not in the choices.
6.75*0.35 + 6.75 = 9.11 for 3rd