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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- Assume that markup is based on cost. Calculate the cost and selling price. Note: Round your answers to the nearest cent. Cost Selling price Dollar markup $ 6.00 Percent markup on cost 101.69 %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
- 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 priceAn 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 SAssume 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. Accounting