account tutor help James Page works in a local music store where he sells guitars for$144.79 each. If he maintains a markup of 42.4% on selling price, what isthe cost of a guitar to James?A. $228.19B. $83.40C. $206.18D. $61.39

To find the cost of the guitar to James Page, we need to account for the markup on the selling…

Answered: James Page works in a local music store…

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 11DQ

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James Page works in a local music store where he sells guitars for $144.79 each. If he maintains a markup of 42.4% on selling price, what is the cost of a guitar to James? A. $228.19 B. $83.40 C. $206.18 D. $61.39