Buzz Machinery, a wholesaler, buys hedge trimmers from a manufacturer for $376.24 each and sells them at a price to earn a 23% margin on selling price. Calculate Buzz Machinery's selling price for one hedge trimmer. (Rounding: penny.)

Buzz Machinery, a wholesaler, buys hedge trimmers from a manufacturer for $376.24 each and sells them at a price to earn a 23% margin on selling price. Calculate Buzz Machinery's selling price for one hedge trimmer. (Rounding: penny.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sale price = Cost price / ( 1 - Margin value )

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