If the rate of markup on selling price is 40%, what is the rate of markup on cost.

1 answer:

4 0

If your customer sees a ticket price of $18.33 on the item and knows you paid $11.00 and marked it up $7.33, then he calculates $7.33 as 40% of $18.33. Thus your cost of $11.00 is 60% of $18.33.

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Step-by-step explanation:

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