Higgens buys toy trucks for $12.00 each and sells them for $16.00. The markup based on cost is 23.1%.

Name: Higgens buys toy trucks for $12.00 each and sells them for $16.00. The markup based on cost is 23.1%.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The markup based on cost is calculated as ((Selling Price - Cost Price) / Cost Price) * 100. So, for Higgens, it would be (($16.00 - $12.00) / $12.00) * 100 = 33.3%.

Higgens Buys Toy Trucks for $12