If the selling price and percent markup on selling price is given the actual cost can be calculated. True False

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If the selling price and percent markup on selling price is given the actual cost can be calculated. TRUE.

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Asked 3/10/2012 3:58:33 PM

Updated 9/30/2015 3:00:47 PM

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emdjay23

If the selling price and percent markup on selling price is given the actual cost can be calculated. TRUE.

Added 9/30/2015 3:00:47 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [9/30/2015 6:06:43 PM]

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12 1/2 percent is equal in fraction to 3/8.

(More)

Question

Updated 3/10/2012 4:23:26 PM

1 Answer/Comment

debnjerry

False. 12 1/2 percent is equal to 1/8.

Added 3/10/2012 4:23:26 PM

This answer has been confirmed as correct and helpful.

Confirmed by andrewpallarca [7/22/2014 4:09:08 PM]

The net price equivalent rate helps calculate the actual cost to the seller.

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Updated 8/17/2015 8:11:56 PM

1 Answer/Comment

matahari

The net price equivalent rate helps calculate the actual cost to the seller. FALSE.

Added 8/17/2015 8:11:56 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [8/17/2015 8:18:13 PM]

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