An item that cost $120 is to be sold for a price that will yield a gross profit ratio of 20%. The selling price should be: A. $96 B. $144 C. $150 D. $600
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- If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.Abce If the sale price is 30% more than costs, and the profit for each sold unit is GHS 120, the cost price per unit is : A. GHS 360 B. GHS 172 OC. GHS 400 D. GHS 560
- Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. 1. Cost: $23.75 2. Selling Price: $29.50.An item has a 29% markup based on selling price. The markup is $400. a. Find the selling price. b. Find the cost. Round to the nearest cent. a. The selling price is $ (Round to the nearest cent as needed.) b. The cost is SCalculate the dollar markup and cost