Wilson Sells a Basketball to a Wholesaler for $16, and the Wholesaler

question 19

Multiple Choice

Wilson sells a basketball to a wholesaler for $16, and the wholesaler applies a 20 percent markup. A retailer then applies a 33.3 percent markup. The final selling price is:

• A) $24.53.
• B) $30.00.
• C) $25.59.
• D) $28.00.
• E) Cannot be determined from the information given.