A retailer can buy a leather portfolio case for $50.00 and wants to obtain a 50 percent markup at retail.The retailer should charge a retail price of $125.00.

Name: A retailer can buy a leather portfolio case for $50.00 and wants to obtain a 50 percent markup at retail.The retailer should charge a retail price of $125.00.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The retailer should charge $75.00. A 50 percent markup on the $50.00 cost is $25.00 ($50.00 * 0.50), making the total retail price $75.00 ($50.00 + $25.00).

A Retailer Can Buy a Leather Portfolio Case for $50