Question

jane westerlund owns a small retail picture frame store in a local strip mall. she just bought 10 picture frames from a promising woodworker for $36 each. based on market conditions, she will sell these for $100 each. what is her markup in dollar terms? $36 $64 $100 $360 $1,000

Answer 1

Jane Westerlund's markup on each frame is $64, giving a total markup of $640 for all 10 frames.

Step-by-step explanation:

Jane Westerlund owns a small retail picture frame store and she bought 10 picture frames for $36 each. The markup on these frames, when sold for $100 each, can be calculated as follows:

• Selling Price per frame: $100
• Cost Price per frame: $36
• Markup per frame: Selling Price - Cost Price
• Markup per frame: $100 - $36 = $64
• Total Markup for 10 frames: Markup per frame x Quantity
• Total Markup: $64 x 10 = $640