Markup Calculation
Controller Dana Scully has asked you to review the pricing practices of Fox Mulder, Inc., an importer and regional distributor of low-priced cosmetics products (e.g., The Black Oil). Use the following data to calculate the relevant markup on cost and markup on price for the following five items:
|
Product
|
Price
|
MarginalCost
|
Markup on Cost (%)
|
Markup on Price (%)
|
|
A
|
$2
|
$0.20
|
|
|
|
B
|
3
|
0.60
|
|
|
|
C
|
4
|
1.20
|
|
|
|
D
|
5
|
2.00
|
|
|
|
E
|
6
|
3.00
|
|
|