contestada

Are these two claims equivalent, in conflict, or not comparable because they’re talking about different things?
a. “We mark up the wholesale price by 33% to come up with the retail price”
b. “The store has a 25% profit margin”
Note: Profit margin = (Retail price - Wholesale price)/(Retail price)

Respuesta :

clarch19

Answer:

statement 'a' and 'b' are comparing two different things

Step-by-step explanation:

statement 'a' is referring to arriving at a selling price for at least one product

but, assuming the store sells more than one product then there is no correlation to the profit margin of the store as a whole