A buyer purchased 1500 towels at $10 each and 1500 matching face clothes at $5 each. The buyer decided to sell the towel and face cloth as a set for $29.99. What was the markup on this purchase?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 16Q: A buyer purchases $250 worth of goods on credit from a seller. Shipping charges are $50. The terms...
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6. A buyer purchased 1500 towels at $10 each and 1500 matching face clothes at $5 each. The buyer decided to
sell the towel and face cloth as a set for $29.99. What was the markup on this purchase?
dedat 825 cach
Own
Transcribed Image Text:6. A buyer purchased 1500 towels at $10 each and 1500 matching face clothes at $5 each. The buyer decided to sell the towel and face cloth as a set for $29.99. What was the markup on this purchase? dedat 825 cach Own
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