An item costs a store $16 from the manufacturer. The store plans to mark up the item at 70% of the cost. Use this information to calculate the sticker price the store should sell the item for. A. $16.00 B. $27.20 C. $38.86 D. $23.00

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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An item costs a store $16 from the
manufacturer. The store plans to mark
up the item at 70% of the cost. Use this
information to calculate the sticker price
the store should sell the item for.
A. $16.00
B. $27.20
C. $38.86
D. $23.00
03-2022 Acellhus Corporation. All Rights Reserved.
%2:
Transcribed Image Text:An item costs a store $16 from the manufacturer. The store plans to mark up the item at 70% of the cost. Use this information to calculate the sticker price the store should sell the item for. A. $16.00 B. $27.20 C. $38.86 D. $23.00 03-2022 Acellhus Corporation. All Rights Reserved. %2:
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