If a casket costs $100 wholesale and the funeral home's fixed multiple is 5, what would the selling price of that casket be?

To determine the selling price of the casket, you need to apply the funeral home's fixed multiple to the wholesale cost. The wholesale cost of the casket is $100, and with a fixed multiple of 5, the calculation for the selling price is straightforward:

Selling Price = Wholesale Cost × Fixed Multiple

Substituting the given values:

Selling Price = $100 × 5 = $500

This calculation indicates that to achieve a markup that aligns with the funeral home's pricing strategy, the appropriate selling price would be $500. Understanding this concept is crucial in the funeral business, as it reflects how markup strategies help funeral homes cover their operational costs while setting prices that are appropriate for the services provided.

Thus, the correct selling price for the casket, given the specified wholesale cost and fixed multiple, is indeed $500.