A retailer purchases a can of soup for 24 cents and sells


1. What are the benefits of cost-based pricing?

2. Under what conditions is cost-plus pricing most appropriate?

3. A retailer purchases a can of soup for 24 cents and sells it for 36 cents. Calculate the markup as a percentage of cost and as a percentage of selling price.

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Business Management: A retailer purchases a can of soup for 24 cents and sells
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