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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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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