Rhine Company sets price equal to cost plus 40%.Recently, Rhine charged a customer a price of $280 for an item.What was the cost of the item to Rhine?
A) $120
B) $185
C) $200
D) $340
E) $580

Name: Rhine Company sets price equal to cost plus 40%.Recently, Rhine charged a customer a price of $280 for an item.What was the cost of the item to Rhine? A) $120 B) $185 C) $200 D) $340 E) $580
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

11ea8a4c_48ba_7cc9_a0e6_a5cbe57737c4_TB5550_00

Rhine Company Sets Price Equal to Cost Plus 40