162k views
1 vote
a tennis supply store pays a wholesaler $90 for a tennis racquet and sells it for $144 what is the markup rate

User Albin
by
8.4k points

1 Answer

6 votes
Markup is the difference between the cost of a good or service and its selling price. A markup is added onto the total cost incurred by the producer of a good or service in order to create a profit. The total cost reflects the total amount of both fixed and variable expenses to produce and distribute a product.so it would be 144 - 90 = 54. $54 would be the markup.
User Samvermette
by
8.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories