Tree-Mark Industries pays $90.00 for unfinished wood furniture and sells it at a markup of 35% o? cost. The selling price is $121.50.

Question

Quizplus · Accepted Answer

To check if the answer is true or false, we can use the formula:

Selling Price = Cost + Markup
Markup = Cost x 35%

Let's plug in the given values:

$121.50 = $90.00 + Markup
Markup = $90.00 x 35% = $31.50

Now let's add the cost and markup:

Cost + Markup = $90.00 + $31.50 = $121.50

So the selling price matches the calculated cost and markup, which means the answer is true.

Tree-Mark Industries Pays $90