Assume a jeweler paid $1,000 for a watch and sold it for $4,000. What would be his markup based on cost? Show calculations. What would be his markup based on selling price? Show calculations.
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Assume a jeweler paid $1,000 for a watch and sold it for $4,000.
What would be his markup based on cost? Show calculations.
What would be his markup based on selling price? Show calculations.
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- Ivy purchases phones for $260.50 each and is selling them for $330.00 each. a. What is the rate of markup on cost? % Round to two decimal places b. What is the rate of markup on selling price?An engineer bought a second-hand service car and later sold it to a client at a profit of 20%. The said client then resold the car to a trader at a profit of 28%. If the trader paid P30,000 more than it cost the engineer, how much did the engineer paid the car?Gerry runs a clothing store in London. He recently purchased 1200 dress shirts that had manufacturer's list price of %55 per shirt. On each shirt there was a trade discount of 20% 10% and 5% from the manufacturer. Gerry's store has operating expenses that are 20% of the selling price and rate of markup is 50% on selling price. a. What was the cost per shirt to the store? b. What was the total amount of discount received on the purchase of the 1200 shirts from the manufacturer? c. What was the equivalent discount rate of the 20% 10% and 5% trade discounts? d. He sold 400 shirts at the regular selling price e. What was the total revenue from the 400 shirts sold?
- 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?A company purchased 10,000 pairs of men's slacks for $19.36 per pair and marked them up $22.33. What was the selling price of each pair of slacks? Use the formula S=C + M The selling price of each pairs of slacks is $ Em3. Tim is looking at buying business cards from two differentcompanies. Company A, charges $50 for the design plus 10 cents foreach business card. Company B, charges $5 for the initial design plus 25cents for each business card. Find the cost function, A(q), that gives thecost of buying q business cards for company A. Find the cost function,B(q), that gives the cost of buying q business cards for company B. Findthe quantity of business cards that makes the cost of the cards equal. IfTim is a small business and only need 200 business cards at one time.Which company should he go with? Explain your reasoning.
- You buy a pair of jeans for sale price of $100. The store paid . $40 to its supplier for the pair of jeans. What is the net worth of the store?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.Tom went to the store and bought two shirts for $50 each, socks for $10 and pants for $30. If the sales tax was 6%, what was the total purchase price? Round to the nearest cent (two decimal places). Your answer will look like this: 50.25 For your answer, do NOT include words, symbols, commas, etc.
- A trader ordered x number of pen drives for GH¢48,000.00. She found that 40 of them were defective after taking deliveries of the items. She then sold all the remaining pendrives. The selling price of one pen drive was GH¢100.00 more than the cost price.Find in terms of x ; (i) an expression for the total sum that she received from the saleb) If she made a profit of GH¢12,000.00 from the sales, Find;(i) the number of pen drives she originally bought(ii) the cost price for a pen drive.c) This same trader has decided to set up a sinking fund for the purpose of purchasing a truck in 2 years’ time. It is expected that the truck will cost GH¢30,000. If the fund earns 10% interest per year compounded quarterly, determine the size of each (equal) quarterly installment the trader should pay into the fund.A seller sells $800 worth of goods on credit to a customer, with a cost to the seller of $300. Shipping charges are $100. The terms of the sale are 2/10, n/30, FOB Destination. What, if any, journal entry or entries will the seller record for these transactions?Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/12/6. (a) What is the net price factor? (b) What is the single equivalent discount? (c) What is the amount (in dollars) of the trade discount? $ (d) What is the net price (in dollars) of the order? $
