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Question & Answer: Assume markup is based on cost. Find the dollar markup and selling price for the following problem (Round your answers to the nearest cent…..

hm.fpx Premer Health Caree Apply Onine Instant E connect Chapter 8 End of Chapter Assignment Question 1 of 2 017 points Assume mankup is based on cost Find the dollar markup and seling price for the following problem (Round your answers to the nearest cent.) Burberry mens watch $550 References Book & Resources Worksheet Leaming cejective 08-01 (1) Caloudlale dollar markup and percent mankup on cost Dimiculty: 1 Easy Leaming cojective: 08-01 (2) Calculate seing price when you know the cost and °Type here to の

Assume markup is based on cost. Find the dollar markup and selling price for the following problem (Round your answers to the nearest cent.)

Expert Answer

 

Dollar markup=(MArkup*Cost)

=(20%*$590)=$118.

Selling price=Cost+MArkup

=($590+$118)=$708.

 

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