A retailer prices her goods to cover operating expenses at 30% of cost and to generate a profit of 20% of cost. For an item she buys from her wholesaler at $49, determine:
a. Its selling price
b. The rate of markup on cost
c. The rate of markup on selling price

Question

Quizplus · Accepted Answer

The Answer of A retailer prices her goods to cover operating expenses at 30% of cost and to generate a profit of 20% of cost. For an item she buys from her wholesaler at $49, determine:
a. Its selling price
b. The rate of markup on cost
c. The rate of markup on selling price

A Retailer Prices Her Goods to Cover Operating Expenses at 30