Planned purchases at retail are $50,000 and the markup percentage is 45% of retail. What is the correct planned purchases at cost figure?

Planned purchases at retail are $50,000 and the markup percentage is 45% of retail. What is the correct planned purchases at cost figure?

Planned purchases at retail are $50,000 and the markup percentage is 45% of retail. What is the correct planned purchases at cost figure?


a. $22,500

b. $11,111

c. $25,000

d. $77,500

e. $27,500


Answer: E


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