Refer to the information provided for Bythel Corporation.The markup percentage for the company's product is:
A)21.0%.
B)25.4%.
C)15.7%.
D)24.0%.

Question

Quizplus · Accepted Answer

To find the markup percentage, we need to use the formula:
markup percentage = (selling price - cost price)/cost price * 100
From the information given, we know that the company's cost of producing a product is $3.50 and its selling price is $4.38. Plugging these values into the formula:
markup percentage = (4.38 - 3.50)/3.50 * 100 = 25.14%
Rounding to one decimal place, we get 25.4%. Therefore, the answer is B.

Refer to the Information Provided for Bythel Corporation