If Jane Westerlund, Owner of a Picture Frame Store, Raises

question 18

Multiple Choice

If Jane Westerlund, owner of a picture frame store, raises the average price of a framed picture to $80 and the cost of goods sold is $36, what is the percentage markup on cost?

• A) 36 percent
• B) 55 percent
• C) 64 percent
• D) 100 percent
• E) 182 percent

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