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PSYCHO15rus [73]
3 years ago
8

SnowPants for the children’s department cost $27.60 each. If a 54% markup is required, what minimum retail would achieve this ma

rkup?
Business
1 answer:
Murrr4er [49]3 years ago
7 0

Answer:

$42.51

Explanation:

markup percentage = (selling price - cost) / cost

54% = (selling price - $27.60) / $27.60

54% x $27.60 = selling price - $27.60

$14.904 = selling price - $27.60

selling price = $42.504 ≈ $42.51 we must round up since we are looking for the price that would yield the markup %, if we round down, then the markup % would be slightly below 54%

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c. information asymmetry.

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Answer:

(a) $9,435,000

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