Hippie High is a retail store that sells reproductions of clothes worn in the 1960s and the 1970s.The store's owner does not take into account competition when pricing the store's clothing.The markup on all items in the store is 100 percent over cost (or double the cost).What does Hippie High use?
A)keystoning
B)target ROI pricing
C)break-even pricing
D)double sourcing

Question

Quizplus · Accepted Answer

Keystoning is the practice of marking up prices by 100 percent (or doubling the cost to set the selling price).

Hippie High Is a Retail Store That Sells Reproductions of Clothes