Which of the following formulas is correct for calculating the selling price of an item when the cost and the markup rate is known? P is the markup amount, B is the cost, and R is the markup rate
a. B ÷ P = R; then add the cost and the markup for the selling price.
b. B ÷ P = R; then subtract the cost and the markup for the selling price.
c. B × R = P; then subtract the cost and the markup for the selling price.
d. B × R = P; then add the cost and the markup for the selling price.
d
You might also like to view...
Which of the following compositional modes share? how-to advice with the? readers?
A. Teasers B. Summaries?? C. Orientations D. Reference materials E. Tutorials
Responses can be logically inconsistent
Indicate whether the statement is true or false
Which cultural dimension is defined as the extent to which a society, organization, or group relies on established social norms, rituals, and procedures to make things more predictable and less unclear?
A. power distance B. uncertainty avoidance C. in-group collectivism D. gender egalitarianism
A company reports net accounts receivable of $152,000 on its December 31, 2017 balance sheet. The Allowance for Bad Debts has a credit balance of $16,000. What is the balance of Accounts Receivable?
A) $157,000 B) $152,000 C) $168,000 D) $136,000