Asked by Sierra Owens on May 12, 2024
Verified
Cesare Aguilar works as a salesperson for an office products warehouse store. The markup percent on laser printers is based on selling price. One popular, competitively priced laser printer sells for $520. Cesare knows that the cost of this item is $312. Compute the markup percent based on selling price.
Laser Printers
Laser printers are printing devices that use a laser beam to produce text and images on paper, known for their speed and high-quality printouts.
Markup Percent
A percentage added to the cost price of goods to cover overhead and profit, determining the selling price.
- Compute the percentage of markup utilizing the cost and selling price as a basis.
- Differentiate between cost-based markup and selling price-based markup.
Verified Answer
JS
JAY.C SOUNDZMay 18, 2024
Final Answer :
$520 - $312 = $208 dollar markup;
$208 ¸ $520 = 0.40 = 40% markup percent based on selling price
$208 ¸ $520 = 0.40 = 40% markup percent based on selling price
Learning Objectives
- Compute the percentage of markup utilizing the cost and selling price as a basis.
- Differentiate between cost-based markup and selling price-based markup.
Related questions
Neale Burgraaf Wants to Purchase a Halogen Lamp for Her ...
Kevin Woo Owns a Small Shop Which Specializes in Selling ...
As a Source of Income After Retirement, Ian Donnelly Sells ...
Wilson Gomez Manages the Large Screen Television Sales for a ...
Janelle Austin Services Hot Tubs and Spas and Sells Replacement ...