contestada

The Horizons Cycle Shop bought 3 motorcycles for $2,100, and sold each one for $1,000. The markup percent was:

A. 33 1/3 percent.
B. 30 percent.
C. 142 percent.
D. 50 percent.
E. There is not enough information to determine the markup.

Respuesta :

pedrocarratore

Answer:

B. 30 percent

Explanation:

Based on the selling price, the markup percent is determined as the difference of the selling price and the cost. divided by the selling price.

Since 3 motorcycles were sold at $1,000 each, total sales are $3,000, and the markup percent is:

[tex]MU=\frac{sales-cost}{sales} *100\%\\MU=\frac{\$3,000- \$2,100}{\$3,000} *100\%\\MU=30\%[/tex]

B. 30 percent.

Otras preguntas