A bookstore priced a textbook at 650 using a markup of 40% of cost.what was the original cost of the book?what percent of selling price is the markup?
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Q: A bookstore priced a textbook at ₱ 650 using a markup of 40% of cost. What was the original cost of…
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A: Markup = Sales price - Cost price = $1427.40 - $780 = $647.40
Q: A publisher has a fixed cost of $175,000 associated with the production of a college mathematics…
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Q: A wholesaler sells a guitar for $1,380.60. What is the percent markup based on cost if the…
A: Markup = Sell price - buy price Markup = $1380.60 -$780 Markup =$600.60
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- A wholesaler sells a guitar for $1,380.60. What is the percent markup based on cost if the wholesaler paid $780 for the guitar?An automobile ski rack is sold to stores at a wholesale price of $38. If a store has a $23 markup, what is the retail price of the ski rack? Find the percent of the markup, to the nearest percent.A company purchased 50 units of merchandise for $100 each. After selling 30 units for $125 each, the company had to reduce the remaining units to $90 each in order to sell them. What is the cost of goods sold?
- A retailer buys a product from a supplier for $40. The retailer needs a 30% markup on cost to cover operating expenses. If the product is sold for $48, what is the outcome?If a home goods retailer pays $32.50 for the vacuum cleaner shown here, answer the following questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) An advertisement has a picture of a vacuum cleaner. From top to bottom, the text of the ad is as follows. 12 amp Powervac Plus $89.99 Microfiltration On-board tools 1 year Product Replacement Policy, $7.99 (a) What is the percent markup based on selling price? % (b) If the retailer pays $1.70 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? % (c) If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup dollars," the gross margin, were made by offering the policy? $ (d) As a housewares buyer for the retailer, what is your opinion of such insurance policies, considering their effect on the "profit picture" of…A dealer bought personal computers for $1850 less 32%, and 17%. They were sold for $1575. What was the markup as a percent of the cost?
- Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of product and pays the supplier within 15 days of shipment. What is the total percentage discount on the sale? Cost of product: $75.00 per case Trade discount: $5.00 per case Quantity discount: 1.5% for each 500 cases Performance allowance: 5% Cash discount: 2/10, net 30The retailer price of a refrigiretor is £807. If the manufacturer gains 11%, the wholesale dealer gains 10% and the retailer gains 6%, what is the cost of the product? Round your answer to the nearest penny.The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super Shag carpet. The annual carrying cost for a yard of this carpet is $0.75, and the ordering cost is $150. The carpet manufacturer normally charges the store $8 per yard for the carpet; however, the manufacturer has offered a discount price of $6.50 per yard if the store will order 5,000 yards. How much should the store order, and what will be the total annual inventory cost for that order quantity?
- A retailer purchase 10 printer at the price of Rm300 each. The estimated Operating are 20% based on cost and the net profit is 15% based on cost. Find if the retailer manages to sell 6 printer atbthe original selling price and the remaining printer at 25% markdown, find the new selling price of the four printers. determine the net profit.Kurt's Krafts purchases hand woven rugs from a local artisan for $690 each. The rugs are marked up by 40% based on the selling price. The retail price of the rugs will be $1,150. True or FalseA publisher has a fixed cost of $175,000 associated with the production of a college mathematics book. The contribution to profit and fixed cost from the sale of each book is $5.75. i) Determine the number of books which must be sold in order to break even. ii) What is the expected profit if 65,000 books are sold?
