The owner of a tobacco shop has estimated net sales of $75,100 for next year,with her gross cost of goods sold equalling 35 percent of net sales.Her maintained markup percentage should be:
A) 11.85 percent
B) 65 percent
C) 150 percent
D) 75 percent
E) Cannot be determined from the information given

Question

Quizplus · Accepted Answer

($75,100 - [$75,100 × .35 = $26,285]) = $48,815/$75,100 = 65%

The Owner of a Tobacco Shop Has Estimated Net Sales