Brownsville, Texas, boasts being the southernmost international seaport and the largest city in the lower...
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Brownsville, Texas, boasts being the southernmost international seaport and the largest city in the lower Rio Grande Valley. Ben Supple, an importer in Brownsville, has just received a shipment of Peruvian opals that he is pricing for sale. He paid $170 for the shipment. Assume he wants a 66% markup.
Calculate the selling price when the markup is based on selling price?
A: ?
Calculate the selling price when the markup is based on cost?
A: $282.20
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