Pregunta
Find the percent markup based on selling price, if the percent markup based on the cost
is
. (Round to the nearest tenth percent)
select one:
a.
ob.
o c.
o d.
is
select one:
a.
ob.
o c.
o d.
Ask by Phillips Graham. in the United States
Jan 24,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
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The percent markup based on selling price is approximately
.
Solución

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Como
Bonus Knowledge
To calculate the percent markup based on the selling price when the percent markup based on the cost is
, you can follow this formula:
-
Let’s define the cost as
and the selling price as . If the markup based on cost is , then we have: -
To find the percent markup based on selling price, we use the formula:
Substituting the expression for
:
This simplifies to:
When rounded to the nearest tenth percent, the percent markup based on the selling price is approximately
, which is not an exact match for any of the options provided, but is closest to
based on rounding standards.
Thus, the answer is:
d.
d.

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