Ask Question
BusinessBusiness
11 May, 10:30

Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase in sales. The markup is 31% based on cost. What would be its percent markup if selling price were the base?

+4
Answers (1)
  1. 11 May, 13:51
    0
    31% mark up based on cost

    $100 * 1.31 = $131

    Same mark up based on selling price

    $131 - $100 = $31

    Therefore, our percent mark up if selling price were the base; = $31/$131 * 100 = 23.66%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase in sales. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A resume is the most common and straightforward.
Answers (2)
What characteristics do all connective tissues share in common
Answers (1)
Where should you work for your first job?
Answers (2)
If asked about gaps in your work history, you should respond by
Answers (1)
Spikes Company manufactures 5,000 high-end racing bicycles each period. Spikes has been making all the components for the bikes, but a supplier has approached Spikes with an offer to sell her bicycle seats at a price of $40.
Answers (2)
New Questions in Business
When dvds and hamburgers were the same price, mavis consumed 3 hamburgers and 5 dvds, and mavis received 10 utils from the last hamburger and 15 utils from the last dvd consumed.
Answers (1)
When a commercial seller's agent invites other brokers to act as subagents to procure a buyer, who is compensated when the property sells?
Answers (1)
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $250.00.
Answers (1)
The direct link between customers and the company is performed by: legal services marketing information chemists environmental chemists corporate management
Answers (1)
Limited liability companies are primarily designed to: a. spin off a wholly owned subsidiary b. provide the benefits of the corporate structure to foreign-based entities c.
Answers (1)
Home » Business » Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase in sales. The markup is 31% based on cost. What would be its percent markup if selling price were the base?
Sign Up Forgot Password?