Asked by Hans Raj Joshi on Sep 23, 2024
If a product has a cost of $42.67 and a selling price of $63.33 , what is the markup rate? Round your answer to two decimal places.
A) 14.84%
B) 48.42%
C) 32.62%
D) 20.65%
E) 30.65%
Markup Rate
The percentage increase applied to the cost price of goods to calculate the selling price.
Selling Price
The amount of money for which a good or service is offered for sale to consumers.
- Apply mathematical operations to determine markup, markdown, discount, and unit pricing in financial literacy settings.
Learning Objectives
- Apply mathematical operations to determine markup, markdown, discount, and unit pricing in financial literacy settings.