The Johnson Shop bought 3 jet skis for $3,600, and sold each one for $1,500. The markup percent was: O 20% O 30% 42% 50% O There is not enough information to tell.
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- The cost price of 35 pairs of sport shoes was $350 per pair. AG Sport Center plan to sell all the shoes for a gross profit of 25% based on cost and the operating expenses were 15% based on cost. Compute the maximum percentage markdown that can be offered so that the AG Sports Center would not suffer any loss.Sean owns a ski shop. He paid $280 for some skis and later sold the skis for $364. What is the percent markup on cost?Jamestown Industries sells $48,000 in gift cards and expects 20% breakage. Cost of goods sold is 25% of each gift card. When the expected gift cards are redeemed, how much cost of goods sold will Jamestown record? O $12,000 $24,000 O $10,000 O $9,600
- Owens sells computers. He purchases the computers for $460 each and incurs $6,000 in fixed operating expenses each month. The average cost per unit is a. $520 if owens make and sells 100 units of product b. $580 if owens make and sells 50 units of product c. $700 if owens make and sells 25 units of product d. all the answers are correct1. Solve for the rate (as a %). Round to the nearest tenth of a percent when necessary. What is the rate if the base is $21,500 and the portion is $5,482.50? % 2. A wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? % 3. A jet ski that previously sold for $5,599.99 has been reduced to $3,863.99. What is the markdown percent? (Round your answer to one decimal place.) %Ace Landscape buys 100 shovels for $15 each. Ace sells all 100 shovels at $30. What is the profit made by Ace? (profit = sales - cost) Group of answer choices $1,400 $1,500 $1,600 $3,000
- You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 10 racing bikes per week at a retail price of $649.99. Recently, you put the bikes on sale at $599.99. At the sale price, 13 bikes were sold during the one week sale. (a) What was your markdown percent on the bikes? (Round your answer to one decimal place.) _______% (b) What is the percent increase in number of bikes sold during the sale? _______% (c) How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.) $ _______ more revenue (d) As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.) ____Yes, permanent markdown increases revenue significantly. ____No, permanent markdown decreases revenue significantly. ____No, permanent markdown does not change…A distributor sells water cooling units for $860 each. The operating profit is 25% on cost and markup is 60% on cost. a. Calculate the cost per cooling unit. Round to the nearest cent b. Calculate the rate of markdown offered during a sale if it made a profit of $51.40 per machine. % Round to two decimal places c. What should be the rate of markdown offered to sell the machines at the cost price? % Round to two decimal placesThe cost price of 35 pairs of sport shoes was $350 per pair. AG Sport Center plan to sell all the shoes for a gross profit of 25% based on cost and the operating expenses were 15% based on cost. Compute the total selling price if AG Sport Center managed to sell all the shoes