M Studios buys cameras at a unit cost of $225. Their operating expense is 30% per unit of the selling price, and their desired unit operating profit is 20% of the selling price. What is M Studios' rate of mark-up on cost?
A) 50%
B) 80%
C) 60%
D) 75%
E) 100%

Question

Quizplus · Accepted Answer

The Answer of M Studios buys cameras at a unit cost of $225. Their operating expense is 30% per unit of the selling price, and their desired unit operating profit is 20% of the selling price. What is M Studios' rate of mark-up on cost?
A) 50%
B) 80%
C) 60%
D) 75%
E) 100%

M Studios Buys Cameras at a Unit Cost of $225