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If 2 liter Bubbly-Cola products cost Speedy $15.90 per case of 24 bottles, what is the amount of the markup (in $) and what is the percent markup on selling price per case? amount of the markup $ 16.10 percent markup on selling price ]× % If 12 pack Bubbly-Cola products have a markup of $8.75 per case of six 12 packs at Speedy, what are the cost (in $) and the percent markup on selling price per case? cost percent markup on selling price Why has Speedy Supermarket chosen to use markup based on selling price? O The markup based on selling price is greater than markup on cost. O Speedy Supermarket is a retail store and therefore uses markup based on selling price. O Speedy Supermarket is a manufacturer and therefore uses markup based on selling price. O Speedy Supermarket can control how much they pay for items using markup based on selling price.

If 2 liter Bubbly-Cola products cost Speedy $15.90 per case of 24 bottles, what is the amount of the markup (in $) and what is the percent markup on selling price per case? amount of the markup $ 16.10 percent markup on selling price ]× % If 12 pack Bubbly-Cola products have a markup of $8.75 per case of six 12 packs at Speedy, what are the cost (in $) and the percent markup on selling price per case? cost percent markup on selling price Why has Speedy Supermarket chosen to use markup based on selling price? O The markup based on selling price is greater than markup on cost. O Speedy Supermarket is a retail store and therefore uses markup based on selling price. O Speedy Supermarket is a manufacturer and therefore uses markup based on selling price. O Speedy Supermarket can control how much they pay for items using markup based on selling price.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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As the manager of Speedy Supermarket, answer the following questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) Specedy Supernarket 4/$5 a Liter Bubly Cola Products LE 12 Pock Bubbly Cola Prockcty $1313 (a) If 2 liter Bubbly-Cola products cost Speedy $15.90 per case of 24 bottles, what is the amount of the markup (In $) and what is the percent markup on selling price per case? amount of the markup 16 10 percent markup on selling price ]× % 67 (b) If 12 pack Bubbly-Cola products have a markup of $8.75 per case of six 12 packs at Speedy, what are the cost (in $) and the percent markup on selling price per case? cost percent markup on sellig price (c) Why has Speedy Supermarket chosen to use markup based on selling price? O The markup based on selling price is greater than markup on cost. O Speedy Supermarket is a retail store and therefore uses markup based on selling price. O Spedy Supermarket is a manufacturer and therefore uses markup based on selling price. O Speedy Supermarket can control how much they pay for items using markup based on selling price. O The markup based on selling price is easier to calculate than markup on cost.
Transcribed Image Text:As the manager of Speedy Supermarket, answer the following questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) Specedy Supernarket 4/$5 a Liter Bubly Cola Products LE 12 Pock Bubbly Cola Prockcty $1313 (a) If 2 liter Bubbly-Cola products cost Speedy $15.90 per case of 24 bottles, what is the amount of the markup (In $) and what is the percent markup on selling price per case? amount of the markup 16 10 percent markup on selling price ]× % 67 (b) If 12 pack Bubbly-Cola products have a markup of $8.75 per case of six 12 packs at Speedy, what are the cost (in $) and the percent markup on selling price per case? cost percent markup on sellig price (c) Why has Speedy Supermarket chosen to use markup based on selling price? O The markup based on selling price is greater than markup on cost. O Speedy Supermarket is a retail store and therefore uses markup based on selling price. O Spedy Supermarket is a manufacturer and therefore uses markup based on selling price. O Speedy Supermarket can control how much they pay for items using markup based on selling price. O The markup based on selling price is easier to calculate than markup on cost.
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