Clark Thomas wants to purchase a side table for his home. Clark found one that is selling for $450 . Through a friend, Clark learns that the dealer's cost of this side table is $300.00 . Find the dealer's markup percent based on selling price


$450 - $300 = $150 dollar markup;
$150 รท $450 = 0.33 = 33% markup percent based on selling price

Business

You might also like to view...

Which of the following consists of an organization's planned effort to help employees acquire job-related knowledge, skills, abilities, and behaviors?

A. training B. benchmarking C. attrition D. compensation E. recruitment

Business

Nielsen uses audimeters attached to television sets to continually record what channel the set is tuned to. This is an example of ________

A) mechanical observation B) personal observation C) content analysis D) trace analysis

Business

Planned communication requires only a goal and objective. Its exact purpose can be determined later

Indicate whether the statement is true or false

Business

A marketing professor maintains a museum of failed consumer products. Most new products in this museum were tested in Ithaca, New York but failed. Likely, the marketers were testing the products during the ________ stage of new product development.

A. test marketing B. pretesting C. concept testing D. product development E. product launch

Business