The price structure in a store is such that, for every $100 of sales, $40 is the cost the goods sold and $45 goes to overhead costs. For an item with a wholesale cost of $119, determine
a. It's selling price
b. The rate of markup on cost
c. The rate of markup on selling price
d. The operating profit on the item

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The Answer of The price structure in a store is such that, for every $100 of sales, $40 is the cost the goods sold and $45 goes to overhead costs. For an item with a wholesale cost of $119, determine
a. It's selling price
b. The rate of markup on cost
c. The rate of markup on selling price
d. The operating profit on the item

The Price Structure in a Store Is Such That, for Every