A Hardware Retailer Who Seeks a Markup of 50 Percent

question 38

Multiple Choice

A hardware retailer who seeks a markup of 50 percent recently bought a new item for $15.00. To determine its selling price, he/she should add ______________ to this cost.

• A) $40.00
• B) $80.00
• C) $10.00
• D) $20.00
• E) $15.00

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Definitions:

Specialty Products

High-value or unique items that consumers purchase after extensive searching and comparison, often including luxury goods or niche market items.

Burial Services

Professional services offered by funeral homes and cemeteries that include preparing the deceased for burial and conducting the burial ceremony.

Convenience Products

Items that are widely available and easy to purchase, typically requiring minimal effort by the consumer to obtain them.

Business Products

Business products are goods or services sold by one business to another for resale, use in production, or general business operations.