Assume a retailer purchases a can of premium dog food at $2.25 and adds 75 cents to the cost, making the price $3. What is the markup as a percentage of selling price?
a. 5%
b. 100%
c. 25%
d. 33%
e. 50%
Answer: c. 25%
Marketing MCQ
Marketing Chapter 20
Assume a retailer purchases a can of premium dog food at $2.25 and adds 75 cents to the cost, making the price $3. What is the markup as a percentage of selling price?