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Q: If a store uses a selling price based markup of 40 percent and an item costs the store 300 what selling price would the store set for the item?

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45% of 800 is 360 so retail price would be 1160.

The discounted price will be $2,400.00

selling price

The jacket costs 109.99 10 percent off of 109.99 is 98.99 109.99 is 10 percent off of 122.21

52.50

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$28.46

Markup income typically refers to the profit or revenue generated by adding a markup or margin to the cost of goods or services. In business and finance, "markup" is the amount added to the cost of producing or purchasing a product or service to determine its selling price. The markup is essentially the difference between the cost of production and the final selling price. The formula for calculating markup is: Markup = Selling Price โ Cost Price Markup=Selling PriceโCost Price Markup is often expressed as a percentage of the cost price. The formula for calculating the markup percentage is: Markup Percentage = ( Markup Cost Price ) ร 100 Markup Percentage=( Cost Price Markup โ )ร100 So, markup income is the additional revenue or profit earned by a business through the application of a markup to its costs. This concept is commonly used in various industries to determine pricing strategies and to ensure that businesses cover their costs and generate a profit. you can get more explanation when you click this link and learn everything about markup income

45% of 800 is 360 so retail price would be 1160.

Cost-plus-markup theory is the theory that business firms calculate their unit costs and add on a percentage markup.

If selling costs varies with production level then selling costs are variable costs but if they remain fix then these are fixed costs.

Yes they can be if you price them correctly and market them well. The prices you set for your gift baskets must reflect the costs of the actual gift basket items and supplies and the expenses of running your home based gift basket business. Your inventory costs will vary depending on the type of gift basket supplies you use. Your initial costs will include the cost of any equipment you buy and the cost of a business license. Your running expenses include your ongoing advertising and travel costs. Most gift basket businesses expect to net between 20 to 30 percent of their gross revenue or selling price. This is achieved by making a 90 to 100 percent markup on the cost of the items in the gift basket.

The discounted price will be $2,400.00

No, gross profit and markup are two different things. Gross profit is expressed as a percentage of the sales price, and markup is expressed as a percentage of the cost. For example the Gross Profit on something that costs $100 that is being sold for $143 is 30% GP. The markup on that same item is 43%. Bottom line, you can't have a "gross profit markup". There's a Gross Profile Margin, and a Markup.

If ten mangoes cost Rs 18 and selling them costs Rs 21, then there is a gain of Rs 3. This is a 16.7 percent gain.

Markup is the price charged by a retailer AFTER purchase from manufacture/distributori.e. Bought at #10.00 from Manufacturer - price to customer 15.00 (= in this case a markup of 50%The PROFIT is the amount of money left having paid out all the trading costs i.e. light,heat,wages etc involved in the WHOLE selling cycle of that productTherefore we assume we are now selling our widget at #15.00 - The cost associated of selling it (taking light, heating, wages etc, etc from it is) #3.00so we bought it at 10.00 added 50% to it (markup)= 15.00Sold it at 15.00..................so it cost US 10.00plus 3.00(light heating wages etc etc)=13.00 total outlay15.00 - 13.00 = 2.00 Profitsold one of them and it took 3.00 cost to do that