A home decorating store carries handmade floor tile with a markup of 3131% on the selling price. If the tile has a markup of $1.581.58 per tile, find the selling price, the cost, and the cost as a percent of the selling price.
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- 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…The 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.A mobile phone that sells for RM1,499 is marked up 30% of the selling price. (a) Calculate the cost. (b) Determine the percent of markup based on cost.
- 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.Assume you own a sporting goods business. Find the selling price for a tent costing $387, based on a 25% markup on selling price.Appliance Store realizes a mark-up of PhP3,450 in selling TV sets. If its items are sold at a mark-up of 40% of the selling price, A. What is the regular selling price of the TV set? B. What was the cost of the TV set? C. What is the rate of mark-up based on cost for the TV set? D. If overhead expenses are at 27% of the cost, what is the break-even price of the TV set? E. If the TV set is sold at PhP7,500, how much profit or loss is incurred by Appliance Store?
- A discount store purchased mobile phones at a cost of P28,800 per dozen. If they need 20% of cost to cover operating expenses and 15% of cost for the net profit, what is (a) the selling price per phone and (b) the percent of markup on selling price?a. A retailer buys flowers at ₱1,400 per bouquet. She sells them for ₱2,000 per bouquet. How much is the peso markup and what is the percent markup if it is based on cost? Find the gross margin. b. In another instance, a seller buys roses for ₱50 each. He sells it for ₱80 each. How much is the peso markup and what is the percent markup if it is based on sales? What is the gross margin.Runners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.
- A) Write short note with one word or one sentence for the following – Markup, Selling price, Value added tax, Find the selling price of an item that costs RO 156, if the markup is 40% on the cost?A retailer buys an alarm set for RM 850. Operating expenses are 5 % based on cost. The retailer wants a 30% net profit based on the selling price. Find a) the net profit if the retail price is RM 950. b) the maximum markdown that could be offered so that there is no profit or lossshoe store marks up the price of its shoes at 140% over cost. A pair of shoes goes on sale for 20% off and then on the clearance rack for an additional 25% off. A customer walks in with a 10% off coupon good on all clearance items and buys the shoes. Express thestore's profits on these shoes as a percentage of the original cos