Standard Appliances obtains refri $1,520 less 28% and 7%. Standard s 16% of the selling price of $1,57 cratched demonstrator unit from

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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Standard Appliances obtains refrigerators for
$1,520 less 28% and 7%. Standard's overhead
is 16% of the selling price of $1,570. A
scratched demonstrator unit from their floor
display was cleared out for $1,190.
Transcribed Image Text:Standard Appliances obtains refrigerators for $1,520 less 28% and 7%. Standard's overhead is 16% of the selling price of $1,570. A scratched demonstrator unit from their floor display was cleared out for $1,190.
d. What is the rate of markup on cost that was
actually realized?
Round to two decimal places
Transcribed Image Text:d. What is the rate of markup on cost that was actually realized? Round to two decimal places
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