A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag witha regular seling price at a markup of 120% of cost. For quick sale, the bedroom suitewas marked down 40%.(a)What was the markup as a percent of cost?What was the sale price?(b)(a) The sale price was $(Round to the nearest cent as needed.)Enter your answer in the answer box and then click Check Answer.partremainingCheck Answer1Clear AlldtvMacBook Pro44&

He buys it for $1800 less 37.5%1800×0.375=675Now=$1800-$675=$1125His net cost is $112518% of his…

A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag with a regular seling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40%. (a) (b) What was the sale price? What was the markup as a percent of cost?

A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag with a regular seling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40%. (a) (b) What was the sale price? What was the markup as a percent of cost?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag witha regular seling price at a markup of 120% of cost. For quick sale, the bedroom suite
was marked down 40%.
(a)
What was the markup as a percent of cost?
What was the sale price?
(b)
(a) The sale price was $
(Round to the nearest cent as needed.)
Enter your answer in the answer box and then click Check Answer.
part
remaining
Check Answer
1
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MacBook Pro
44
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