Winston & company buys solving this question Winston & Company buys skateboards from thedistributor for $49.60 each.If the skateboards are sold for $89.99, what is thepercent markup based on selling price?(Round to the nearest tenth of a percent)

To determine the percent markup based on the selling price, we first calculate the markup amount by…

Answered: Winston & Company buys skateboards from…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter23: Other Topics In Working Capital Management

Section: Chapter Questions

Problem 8MC

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A manufacturer sells a product for $45 to a wholesaler, and the wholesaler sells it to a retailer. The wholesaler's normal markup (based on selling price) is 25%. The retailer prices the item to consumers to include a 33% markup (also based on selling price). What is the selling price to the consumer? Answer this question
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Winston & Company buys skateboards from the distributor for $49.60 each. If the skateboards are sold for $89.99, what is the percent markup based on selling price? (Round to the nearest tenth of a percent)