What is the cost of an item for which the retail selling price is $860 and the margin is 25% of the selling price?
A) $215
B) $688
C) $645
D) $445
E) $1,147

Name: What is the cost of an item for which the retail selling price is $860 and the margin is 25% of the selling price? A) $215 B) $688 C) $645 D) $445 E) $1,147
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Question

Quizplus · Accepted Answer

The margin is 25% of the selling price, so the cost is 100% - 25% = 75% of the selling price. 75% of $860 is $645.

What Is the Cost of an Item for Which the Retail