🎴 Flashcard Mode
Music Retail Pricing
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What is the markup on a product that is sold for $100 and has a cost of $50?
AnswerClick to flip back
A
100%
💡 Explanation:
Markup is calculated by dividing the difference between the selling price and the cost by the cost. In this case, the markup is (\frac{100-50}{50}) = 100%.