The markup of a product is RO 90. If the markup is 45% of selling, what is the cost? a. RO 200 b. RO 110 c. RO 150 d. RO 40

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 3MC: A companys product sells for $150 and has variable costs of $60 associated with the product. What is...
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The markup of a product is RO 90. If the markup is 45% of selling, what is the cost?
a.
RO 200
b.
RO 110
c.
RO 150
d.
RO 40
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