Question

William's Furniture Store buys a book shelf at a wholesale price of $112.00.If the markup rate at William's Furniture Store is 70% what is the markup for the book shelf?

Answer 1

R = rate = percent ... How much is the store's cost? Selling price= 140% of cost so the markup is 40% of cost (cost is 100% of itself) ... Example: A retailer purchases silk flowers for $31.56 per dozen and sells them for $4.78 each. ... If 6 items cannot be sold, what is the selling price per item for a %markup of 25% on selling ...