Bath 'n Bedroom sets its prices to allow for overhead expenses that average 50% of unit cost and a normal profit of 30% of cost. For towel sets priced at $39.89, determine:
a. The wholesale cost
b. The rate of markup on selling price

Question

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The Answer of Bath 'n Bedroom sets its prices to allow for overhead expenses that average 50% of unit cost and a normal profit of 30% of cost. For towel sets priced at $39.89, determine:
a. The wholesale cost
b. The rate of markup on selling price

Bath 'N Bedroom Sets Its Prices to Allow for Overhead