Question

if you are selling a shirt for $20 and your total costs were $10, your markup in dollars is $10. what is the markup percentage? 100% 200% 50% 10% question 20 3 pts this strategy isnt necessarily illegal, but it tricks people and pressures them to spend more than the advertised price. bait - and - switch advertising price fixing promotional advertising price skimming

Explanation:

Step1: Recall markup percentage formula

Markup percentage = $\frac{\text{Markup}}{\text{Cost}}\times100\%$

Step2: Identify values

Markup = $10$, Cost = $10$

Step3: Calculate markup percentage

$\frac{10}{10}\times100\% = 100\%$

Answer:

1. A. 100%
2. A. bait - and - switch advertising