French Co Marks Up Its Goods 45% on Cost

question 16

Short Answer

French Co. marks up its goods 45% on cost. What is French's equivalent markup on selling price? Round to the nearest hundredth percent.

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Definitions:

Rulers

Individuals who hold a position of authority and control in governance, often within a monarchy or an empire, making key decisions and leading the state.

Subjects

Individuals under the rule of a monarch or government, often considered in relation to their rights and obligations.

Dutch Republic

A historic country in Europe that existed from the late 16th century to the late 18th century, known for its pioneering role in finance, trade, and the arts during the Golden Age.

Prosperous Commodities

Goods or products that generate significant wealth and economic growth through their trade or exploitation.