Winston & Company Buys Skateboards from the Distributor for $49

question 45

Short Answer

Winston & Company buys skateboards from the distributor for $49.60 each. If the skateboards are sold for $89.99, what is the percent markup based on selling price? (Round to the nearest tenth of a percent)

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Definitions:

Practical Intelligence

Refers to the ability to solve everyday problems by utilizing knowledge gained from experience in order to effectively deal with new and unusual situations.

Experience

The knowledge or skill acquired through involvement in or exposure to events.

Flexibility

The capacity to adjust to novel, diverse, or evolving demands and circumstances.

Tacit Intelligence

The unspoken, practical skill set and knowledge that individuals acquire through personal experience rather than formal education.