08-22-2007, 03:34 PM
I had this question on 4tests.com. Can anyone explain it? Thanks!
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?
Answer = $37.50
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?
Answer = $37.50