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Convert a 40% Markup Percent on Cost to Markup Percent

question 87

Short Answer

Convert a 40% markup percent on cost to markup percent on selling price. (Round to the nearest hundredth percent.)

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Definitions:

Civil Service Reform Act

Legislation aimed at improving the efficiency, accountability, and quality of public service by reforming hiring practices and employment conditions.

National Labor Relations Act

A foundational U.S. law enacted in 1935 that protects the rights of employees and employers, encourages collective bargaining, and curtails certain private sector labor and management practices.

Labor Management Reporting and Disclosure Act

A U.S. federal law aimed at regulating labor unions' internal affairs and their officials' relationships with employers.

Business Representative

An individual who acts on behalf of a business, often in negotiations or as a point of contact.

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