An item costs a store $25 from the manufacturer. The store plans to mark up the item at 80% of the cost. Use this information to calculate the sticker price the store should sell the item for. A. $45.00 B. $25.00 C. $56.25 D. $33.00

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 17Q: A seller sells $800 worth of goods on credit to a customer, with a cost to the seller of $300....
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An item costs a store $25 from the
manufacturer. The store plans to mark
up the item at 80% of the cost. Use this
information to calculate the sticker price
the store should sell the item for.
A. $45.00
B. $25.00
C. $56.25
D. $33.00
2022 International Academy of Science. All Rights Reserved.
N.
Transcribed Image Text:An item costs a store $25 from the manufacturer. The store plans to mark up the item at 80% of the cost. Use this information to calculate the sticker price the store should sell the item for. A. $45.00 B. $25.00 C. $56.25 D. $33.00 2022 International Academy of Science. All Rights Reserved. N.
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