Asked by Michael Bergamo on Apr 24, 2024
Verified
If a product has a cost of $44.47 and a selling price of $62.53 , what is the markup?
A) $18.06
B) $16.81
C) $14.56
D) $18.31
E) $15.96
Markup
The amount by which the cost of a product is increased to arrive at its selling price.
Selling Price
The amount of money for which an item or service is sold to a customer.
- Assess values of markup, markdown, discount, and unit pricing within financial literacy frameworks.
Verified Answer
HC
Haley Conduelis4 days ago
Final Answer :
A
Explanation :
The markup is calculated by subtracting the cost from the selling price. So, $62.53 - $44.47 = $18.06.
Learning Objectives
- Assess values of markup, markdown, discount, and unit pricing within financial literacy frameworks.