Asked by Swakena Jackson on Jul 21, 2024
Verified
An item purchased for $150, less 25%, was marked up by 40% of cost. The item was then reduced 30%. What was the sale price?
Sale Price
The final amount at which a product or service is sold to consumers.
Marked Up
Refers to an increase in the selling price of goods or services, typically to create a profit margin above the cost.
- Acquire knowledge and implement assorted percentage calculations in retail pricing, which includes markdowns, markups, and discounts.
Verified Answer
AB
Learning Objectives
- Acquire knowledge and implement assorted percentage calculations in retail pricing, which includes markdowns, markups, and discounts.