Solve the Problem

question 39

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest dollar when necessary.
-A jewelry store purchased 120 fashion watches for $3,600. If the store sold 60 watches at $60, 48 watches at $54, and the rest at $30, find (a) the total markup, (b) the markup percent on selling price, and (c) the equivalent markup percent on cost.

• A)$2,952, 82%, 45.1%
• B)$2,952, 45.1%, 82%
• C)$3,600, 55%, 72%
• D)$6,552, 100%, 182%

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