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 an item will be priced according to a 55 percent gross margin and the item costs $20, use that gross margin percentage to directly calculate the item’s priceif dollar markup is $5.60 and percent markup is 101.82% on cost, what is cost and selling price?Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup Cost
- Find the markup rate based on selling price if the percent markup based on the cost is 14%.Given a selling price of $350 and a gross profit mark-up of 40%, the cost price would be A $100 B $140 C $210 D $250Find the percent markup based on selling price, if the percent markup based on the cost is 18%.