Find the Missing Quantities by First Computing the Markup on One

question 13

Multiple Choice

Find the missing quantities by first computing the markup on one base and then computing the markup on the other. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
-

• A)Cost = $52.29 % Markup on cost = 35.5% % Markup on selling price = 55.0%
• B)Cost = $52.29 % Markup on cost = 55.0% % Markup on selling price = 35.5%
• C)Cost = $109.81 % Markup on cost = 35.5% % Markup on selling price = 55.0%
• D)Cost = $109.81 % Markup on cost = 55.0% % Markup on selling price = 35.5%

---

Definitions:

Profit Centers

Individual segments, departments, or divisions of a business that are responsible for generating their own revenue and profit, allowing for tracking and analysis of their financial performance separately from the overall company.

Profit Center

A part of an organization that directly contributes to its financial gain, often assessed on its ability to generate income exceeding its operational costs.

Sales Training

The process of providing sales staff with the necessary knowledge, skills, and strategies to effectively sell products or services.

Outsourced Training

The practice of having external specialists or companies conduct training and development activities for an organization's employees.