Calculate the gross margin (markup rate) for a toy that cost the store $2 and that was then sold for $8. A. 300% B. 75% C. 80% D. $6

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter3: Setting Up A New Company
Section: Chapter Questions
Problem 3.4C
icon
Related questions
Question
100%
Practice Pack
Help please
Calculate the gross margin (markup rate) for a
toy that cost the store $2 and that was then sold
for $8.
А. 300%
В. 75%
C. 80%
D. $6
– 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:Calculate the gross margin (markup rate) for a toy that cost the store $2 and that was then sold for $8. А. 300% В. 75% C. 80% D. $6 – 2022 International Academy of Science. All Rights Reserved.
Expert Solution
trending now

Trending now

This is a popular solution!

video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage