Question

The cost of a product is the price a business pays for the product.

True
False
2. A Les Paul Tradition Plus® guitar is $1,659 at cost and $2,259 at retail price. What is the markup rate on the guitar?

27%
73%
36%
46%
3. The price of a book increased from $20 to $25. What is the markup rate?

20%
25%
3%
5%

Answer 1

1. to think about it the price of a product is not how much a buisness pays for the product. Do you agree?

Answer 2

2. A Les Paul Tradition Plus® guitar is $1,659 at cost and $2,259 at retail price. What is the markup rate on the guitar?

27%
73%
36%
46%

The retail price is how much more than the "at cost" price?

Answer 3

If you dont understand ill explain. Businesses do pay for product, but they can sell it at what price they want. Lets say they bought a product for $5 and soled it for $50. That means your answer is False because that is not necessarily true.

Answer 4

if your not going to respond to antyhing, close the question

Answer 5

im sorry i lost connection @But

Answer 6

i think number 2 is 36% @But @mathmale

Answer 7

and i do agree with you @But