A bookstore is considering stocking a limited edition of Alice in Wonderland dolls at a cost of $125 each.The manager calculated the retail price with an initial markup percentage of 48 percent and plans to ticket the product with a ".00" ending.What would the initial retail price be on the doll?
A) $180
B) $190
C) $240
D) $280
E) $63

Question

Quizplus · Accepted Answer

Retail price = Cost of merchandise/(1 - Markup percentage)= $125/.52 = $240

A Bookstore Is Considering Stocking a Limited Edition of Alice