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23 March, 02:33

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%

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  1. 23 March, 03:50
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    The store 's markup on silling price is 73%
  2. 23 March, 04:12
    0
    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 %.
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