The bookstore on your college campus uses a cost-based pricing approach with a 50% markup percentage. A new textbook has a wholesale price of $200. What will you be charged for the textbook?
A) $300
B) $100
C) $250
D) $50

Question

Quizplus · Accepted Answer

The cost-based pricing approach with a 50% markup on a $200 wholesale price results in a $100 markup ($200 * 50% = $100). Therefore, the final price is $200 (wholesale price) + $100 (markup) = $300.

The Bookstore on Your College Campus Uses a Cost-Based Pricing