Sarah works at a boutique where she sells handcrafted bags for $180.00 each. She maintains a markup of 40% on the selling price. What is the cost of one bag to Sarah? a. $72.00 b. $108.00 c. $252.00 d. $112.50

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 3EB: Consider the following transaction: On February 15, Darling Dolls sells 110 dolls with a sales price...
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Sarah works at a boutique where she sells handcrafted bags for
$180.00 each. She maintains a markup of 40% on the selling
price.
What is the cost of one bag to Sarah?
a. $72.00
b. $108.00
c. $252.00
d. $112.50
Transcribed Image Text:Sarah works at a boutique where she sells handcrafted bags for $180.00 each. She maintains a markup of 40% on the selling price. What is the cost of one bag to Sarah? a. $72.00 b. $108.00 c. $252.00 d. $112.50
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