Marketing MCQ
Marketing
If a retailer purchases a product for $30.00 and charges a 20% mark-up, its selling price will be (using standard assumption with respect to the definition of a mark-up as discussed in class):
If a retailer purchases a product for $30.00 and charges a 20% mark-up, its selling price will be (using standard assumption with respect to the definition of a mark-up as discussed in class):
If a retailer purchases a product for $30.00 and charges a 20% mark-up, its selling price will be (using standard assumption with respect to the definition of a mark-up as discussed in class):
A. $36.00
B. $36.50
C. $37.00
D. $37.50
E. None of the above.
Answer: D
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