If a dress cost $23, and a retailer plans to sell it for $80, whats the...
If a dress cost $23, and a retailer plans to sell it for $80, whats the dollar markup, percentage (of retail price) mark up, and percentage (of cost) mark up?
Dollar markup
Percentage (of retail price) markup
Percentage (of cost) markup
Homework Answers
Dollar Mark up=Retail Price-Cost=80-23=$57
Percentage (of retail price) markup=Dollar Markup/Retail price=57/80=71.25%
Percentage (of cost) markup=Dollar Markup/Cost=57/23=247.83%
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If a dress cost $23, and a retailer plans to sell it for $80,
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