A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 8% and 4%. He sells it to a customer at a price which includes 21% profit on selling price and overhead expenses of 24% on selling price. a. How much did it cost him to purchase the container of clothes? b. What was the selling price of the container of clothes? c. Calculate the break-even selling price.
A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 8% and 4%. He sells it to a customer at a price which includes 21% profit on selling price and overhead expenses of 24% on selling price. a. How much did it cost him to purchase the container of clothes? b. What was the selling price of the container of clothes? c. Calculate the break-even selling price.
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 8% and 4%. He sells it to a customer at a price which includes 21% profit on selling price and overhead expenses of 24% on selling price.
a. How much did it cost him to purchase the container of clothes?
b. What was the selling price of the container of clothes?
c. Calculate the break-even selling price.
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