Respuesta :
The markup value over the each order of cookies is 300%. Thus option B is correct.
According to the statement
we have given that the James costs $4 to make an order of dozen cookies and selling prices is $16 and we have to calculate the markup on the order of cookies.
So, For this purpose, we know that the
Markup formula calculates the amount or percentage of profits derived by the company over the product's cost price.
The formula to calculate markup is :
Markup = (selling cost - production cost / production cost) *100
So, Substitute the formula in it then
Markup = (selling cost - production cost / production cost) *100
Here selling cost = $16 and production cost is $4
So,
Markup = (selling cost - production cost / production cost) *100
Markup = (16 - 4 / 4) *100
Markup = 3 *100
Markup = 300%.
So, The markup value over the each order of cookies is 300%. Thus option B is correct.
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