Appliance Store realizes a mark-up ofPhP3,450 in selling TV sets. If its items aresold at a mark-up of 40% of theselling price,A. What is the regular selling price ofthe TV set?B. What was the cost of the TV set?C. What isthe rate of mark-up based on cost for the TVset?D. Ifoverhead expenses are at 27% of the cost,what is the break-even price of theTV set?E. If the TVset is sold at PHP7,500, how much profit orloss is incurred by ApplianceStore?

Mark-up is the difference between the selling price and the cost price. The mark-up percentage on…

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 +he ro+e of merk un beced on ooet for the TV

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 +he ro+e of merk un beced on ooet for the TV

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 19PROB

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Question

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?

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