FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
13-9 Jennings Hardware Store marks up its merchandise by 30%. If a part costs $25.00, which of the following is true?
a. The price is $7.50.
b. The markup is $32.50.
c. The price is $32.50.
d. The markup is pure profit.
e. All of the above.
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