If a product is retail priced at $20 and the wholesale markup is 50%, what was the cost that the wholesaler charged?
A) $10
B) $12
C) $15
D) $16
E) $20

Name: If a product is retail priced at $20 and the wholesale markup is 50%, what was the cost that the wholesaler charged? A) $10 B) $12 C) $15 D) $16 E) $20
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Question

Quizplus · Accepted Answer

The wholesale markup is 50%, so the cost to the wholesaler is 50% of the retail price, which is $20 x 0.50 = $10.

If a Product Is Retail Priced at $20 and the Wholesale