BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

Solutions

Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Amount of Percent Markup
Item Cost Markup Selling Price Based on Cost
8. Treadmill ___________ $880.00 $2,335.00 _____

To determine

To calculate: The cost and percent markup of the treadmill for a given selling price $2,335 and the amount of markup is $880.

Explanation

Given Information:

The Selling Price of the treadmill is $2,335 and markup amount is $880.

Formula used:

The cost can be calculated using the following equation:

Cost=Selling PriceMarkup or C=SPM

The percent markup based on cost is computed as:

Percent Markup based on cost=MarkupCost or  %Mcost=MC

Calculation:

Consider the provided data,

The selling price of the treadmill $2,335 and markup amount is $880.

So, SP=$2,335 and M=$880

The cost can be computed as:

C=SPM

Substitute SP=$2,335 and M=$880 in C=SPM

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

SALES Growth Metro Department Stores annual sales (in millions of dollars) during the past 5 years were Annual ...

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Evaluate each expression when a=2andb=3: (ab2)2

Elementary Technical Mathematics

Find the x- and y-intercepts of the graph of y=x22x3.

Calculus: An Applied Approach (MindTap Course List)

Find f. f(x) = x3 + sinh x, f(0) = 1, f(2) = 2.6

Single Variable Calculus: Early Transcendentals, Volume I

Finding a Derivative In Exercises 13-32, find the derivative of the function. s(t)=145tt2

Calculus: Early Transcendental Functions (MindTap Course List)

True or False: f(x) = tan x is differentiable at x=2.

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th