A markup rate of 35% based on sales price converts to a 45% markup rate based on cost.

Name: A markup rate of 35% based on sales price converts to a 45% markup rate based on cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A markup rate of 35% based on sales price does not directly convert to a 45% markup rate based on cost. The conversion between markup based on sales and markup based on cost requires a specific calculation and the two percentages are not directly interchangeable without knowing the actual cost or sales price.

A Markup Rate of 35% Based on Sales Price Converts