Ask Question
BusinessBusiness
8 May, 11:54

48. A retail store sells CDs for $15.00. If the cost per CD is $11.00, what is the store's markup on selling price? A. 66% B. 27% C. 73% D. 22%

+1
Answers (2)
  1. 8 May, 12:10
    0
    The selling price given as = $ 15

    The cost per CD is = $ 11

    The total profit = Selling price - Cost

    Total profit per CD = $ 15 - $ 11

    Total profit per CD = $ 4

    The markup on selling price is calculated as - Total profit : Selling price * 100

    Markup on selling price = $ 4 : $ 15 * 100 = 26.6666 % or 27 %.
  2. 8 May, 12:16
    0
    The store 's markup on silling price is 73%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “48. A retail store sells CDs for $15.00. If the cost per CD is $11.00, what is the store's markup on selling price? A. 66% B. 27% C. 73% D. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On January 1, 2020, the Carla Vista Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,500; second quarter 6,600; third quarter 7,300.
Answers (1)
3 best basic economic questions
Answers (1)
Using the information provided about marketing and advertising law, determine which of the following would be a violation of this law.
Answers (1)
Which of the following is an advantage of exporting as a mode of entry into foreign markets? a) A firm can earn returns from process technology skills in countries where FDI is restrictedb) A firm can avoid the cost of establishing manufacturing
Answers (1)
Monroe Minerals Company purchased a copper mine for $120,000,000. The mine was expected to produce 50,000 tons of copper over its useful life. During Year 1, the company extracted 6,000 tons of copper. The copper was sold for $4,500 per ton.
Answers (1)
New Questions in Business
How much would Vincent have in his account after three years if he started with $100 and earns 5% compounding annually?
Answers (1)
The second stage of the consumer buying process is?
Answers (1)
People who have strong time-management skills have the ability to
Answers (1)
Acme published a story about Paul, and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive damages. Paul won an award of $36,250 for damages, $10,100 for emotional distress, and $58,200 for punitive damages.
Answers (1)
Estimate a 25% tip on a bill of $49.68 by first rounding the bill amount to the nearest ten dollars
Answers (1)
Home » Business » 48. A retail store sells CDs for $15.00. If the cost per CD is $11.00, what is the store's markup on selling price? A. 66% B. 27% C. 73% D. 22%
Sign Up Forgot Password?