A 600% Markup Based on Cost Is Equivalent to What Percent

question 82

Multiple Choice

A 60.0% markup based on cost is equivalent to what percent based on selling price (retail) ?

• A) 66.7%
• B) 33.3%
• C) 37.5%
• D) 62.5%

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Definitions:

Lock Box Systems

A service provided by banks to companies for the quick collection of payments from customers by directing those payments to a special post office box.

Float Management

The practice of managing the time difference between issuing and clearing checks to optimize the available cash flow.

Lock Box Systems

A service offered by banks to companies for the receipt of payment from customers, involving the collection of payments in regional post office boxes and processing them quickly.

Remote Disbursing

A financial process used by organizations to distribute funds or payments from a central location to beneficiaries or accounts that are geographically dispersed.