Answered: James Page works in a local music store… | bartleby

SWFT Comprehensive Vol 2020

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

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