A product with a wholesale price of $4,524 is sold less 49% and 17%. The retail price of the product is $3,070. Determine the mark-up on cost.

Retail Price

The price at which goods or services are sold to the end consumer, inclusive of any markup from wholesalers or distributors.

Mark-up on Cost

The percentage added to the cost of goods to cover overhead and profit; the difference between the cost of a product and its selling price.

Grasp the fundamentals and put into practice different percentage calculations in retail pricing, counting markdowns, markups, and discounts.

Verified Answer

Final Answer :

60.31%

Learning Objectives

Grasp the fundamentals and put into practice different percentage calculations in retail pricing, counting markdowns, markups, and discounts.