Section: Principles of Marketing
18)
Wal-Mart's buying office just purchased leather belts for $30.00 each. They want a 20% markup at retail on the belts. What retail price should they charge?
-
-
-
-
-
Explanation
To calculate the Retail Sales Price, you must divide $30.00(Cost) by 100% - 20%(Markup) returning $37.50.
Don't have time to finish?
Enter your email address and we'll send you a link to continue your exam.
