The Markup on a Home Spa Should Be 20% Based

question 24

Multiple Choice

The markup on a home spa should be 20% based on selling price. If the seller paid $5,900 for one, then how much should it be sold for to achieve the desired markup?

• A) $7,375.00
• B) $6,333.33
• C) $6,170.00
• D) $8,330.34

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Definitions:

Mountain Meadows Massacre

An 1857 event where members of the Mormon militia in southern Utah killed around 120 emigrants from the Baker-Fancher wagon train.

Polygamist

An individual who is married to more than one spouse at the same time, a practice allowed in some cultures and religions but illegal in many countries.

White Settlers

Individuals of European descent who settled in lands outside Europe, often displacing indigenous populations, during periods of exploration and colonial expansion.

Indian Tribes

Indigenous peoples of the Americas, organized into societies or communities sharing common territories, customs, and cultural traits.