The Rate of Mark-Up on Cost on a Line of Cosmetics

question 193

Short Answer

The rate of mark-up on cost on a line of cosmetics is 85%. If the mark-up on an eye shadow kit is $14:
a) What is the retail selling price of the kit?
b) What is the rate of mark-up on selling price?

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Definitions:

Role Ambiguities

The uncertainty or lack of clarity surrounding the expectations, responsibilities, and duties of a particular role.

Distributive Negotiation

Focuses on ‘win–lose’ claims made by each party for certain preferred outcomes.

Win-Lose Claims

Situations in negotiations or disputes where one party's gain is directly at the expense of another, creating a winner and a loser.

Principled

Operating according to ethical standards and specific, often moral, principles.