Answered: The selling price for a fax machine is…

The selling price for a fax machine is $341.67. What percent of the sale price is the markup, if the cost of the fax machine was $205? (Round to the nearest whole percent)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

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The selling price for a fax machine is $341.67. What percent of the sale price is the markup, if the cost of the fax machine was $205? (Round to the nearest whole percent)

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