Ask Question
8 December, 23:22

Creative quilts studio sells hundreds of colors and types of fabric and thread. to price its inventory, the owners add 50 percent to the cost of each bolt of fabric and every spool of thread. what is this pricing approach called

+4
Answers (1)
  1. 9 December, 02:43
    0
    Standard markup pricing.

    Explanation:

    Standard markup pricing uses a fixed (standard) percentage rate of markup for different items. A common rate that is also used in this case is 50% markup.

    Example:

    If the bolt of fabric costs Creative Quilts $10, they will add 50% of that to the cost when they sell it. 50% * $10 = $5.

    Markup + item cost = selling price

    $5 + $10 = $15
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Creative quilts studio sells hundreds of colors and types of fabric and thread. to price its inventory, the owners add 50 percent to the ...” 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