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The Johnson Shop bought 3 jet skis for $3,600, and sold each one for $1,500. The markup percent was: O 20% O 30% 42% 50% O There is not enough information to tell.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The Johnson Shop bought 3 jet skis for $3,600, and sold each one for $1,500. The markup percent was:
O 20%
O 30%
42%
O 50%
There is not enough information to tell.

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