# Misu Sheet, the owner of the Bedspread Shop, knows his customers will pay no more than $120 for a...

## Question:

Misu Sheet, the owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on cost instead of on selling price. What is Misu's cost?

Misu's Cost $_____

## Mark up Pricing:

Mark up pricing is a method to decide the selling price of product and services. In this method a fixed percentage of the cost of the product is added to the product. The value after adding the markup is the selling price of the product.

## Answer and Explanation: 1

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View this answerMark up is a method to decide the selling price of the product.

In this question, we need to calculate the cost of the product.

Selling price =...

See full answer below.

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Chapter 11 / Lesson 7Learn about pricing cost and what motivates mark-up and break-even pricing. Explore pricing, which is one of the marketing mix 4Ps, basic pricing terminology, and pricing options, including their purpose, advantages, and disadvantages.

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