Question

48. A retail store sells CDs for $15.00. If the cost per CD is $11.00, what is the store's markup on selling price? A. 66% B. 27% C. 73% D. 22%

Answer 1

The store ‘s markup on silling price is 73%

Answer 2

The selling price given as = $ 15

The cost per CD is = $ 11

The total profit = Selling price - Cost

Total profit per CD = $ 15 - $ 11

Total profit per CD = $ 4

The markup on selling price is calculated as - Total profit ÷ Selling price × 100

Markup on selling price = $ 4 ÷ $ 15 × 100 =26.6666 % or 27 %.