The retail price of a sweater is $75, and the initial markup is 51 percent. Calculate the cost of the product.
A) $33.75
B) $25.71
C) $28.50
D) $36.75
E) $42.85

Name: The retail price of a sweater is $75, and the initial markup is 51 percent. Calculate the cost of the product. A) $33.75 B) $25.71 C) $28.50 D) $36.75 E) $42.85
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost of merchandise = Retail price * (1 - initial markup percentage) = $75 * .49 = $36.75.

The Retail Price of a Sweater Is $75, and the Initial