Frankie is a buyer for a department store and is buying some handbags at a cost of $42 from a vendor. He desires to have a 60 percent markup to meet the financial goals of this category. What will be the retail price of these handbags? $125 $105 $115 $135 $145
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The markup amount is calculated by multiplying the cost by the markup percentage. Markup amount = $42 * 0.60 = $25.20 Show more…
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