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An item costs a store $5 from the manufacturer. The store plans to mark up the item at 70% of the cost. Use this information to calculate the sticker price the store should sell the item for. B. $12.14 A. $5.00 C. $8.50 D. $12.00

An item costs a store $5 from the manufacturer. The store plans to mark up the item at 70% of the cost. Use this information to calculate the sticker price the store should sell the item for. B. $12.14 A. $5.00 C. $8.50 D. $12.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An item costs a store $5 from the manufacturer. The store plans to mark up the item at 70% of the cost. Use this information to calculate the sticker price the store should sell the item for. A. $5.00 B. $12.14 C. $8.50 D. $12.00 3-2022 International Academy of Science. All Rights Reserved. a 1 (7
Transcribed Image Text:An item costs a store $5 from the manufacturer. The store plans to mark up the item at 70% of the cost. Use this information to calculate the sticker price the store should sell the item for. A. $5.00 B. $12.14 C. $8.50 D. $12.00 3-2022 International Academy of Science. All Rights Reserved. a 1 (7
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