Astorere sells cd's for $15 cds for 15. if the unit cost per cd is $11 what is the stores markup on the selling price?   a 66% b 73% c 27% d 22%

The correct answer would be option C, 27%.

Explanation:

Difference between the Cost of the product and the Selling Price of that product is called the Markup on selling Price. In this example, a store keeper sells CDs at a price of $15. But the cost of each CD is $11, which means, he takes $4 profit on each CD sold. So the markup on selling price can be calculated as follows:

Markup on Selling Price = ( (Selling Price - Cost of the Product) / Selling Price) * 100

Markup on Selling Price = ( ($15 - $11) / $15 ) *100

Markup on Selling Price = ( $4 / $15 ) * 100

Markup on Selling Price =  0.27 *100

Markup on Selling Price = 27%

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