Chapter 8.II, Problem 11RE

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

For the following items, calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.

Percent |
Percent |
|||

Markup |
Markup |
|||

Amount of |
Based on |
Based on |
||

Item |
Cost |
Markup Selling Price |
Cost |
Selling Price |

11. |
Fan |
150% |
_________ |

To determine

**To calculate:** The percent markup based on selling price if percent markup based on cost is

Explanation

**Given Information:**

The percent markup based on cost is

**Formula used:**

The percent markup based on selling price can be calculated using the following equation:

**Calculation:**

Consider the provided data,

The percent markup based on cost is

So,

The percent markup based on selling price is:

Substitute

Sect-8.I P-1TIESect-8.I P-2TIESect-8.I P-3TIESect-8.I P-4TIESect-8.I P-5TIESect-8.I P-6TIESect-8.I P-1RESect-8.I P-2RESect-8.I P-3RESect-8.I P-4RE

Sect-8.I P-5RESect-8.I P-6RESect-8.I P-7RESect-8.I P-8RESect-8.I P-9RESect-8.I P-10RESect-8.I P-11RESect-8.I P-12RESect-8.I P-13RESect-8.I P-14RESect-8.I P-15RESect-8.I P-16RESect-8.I P-17RESect-8.I P-18RESect-8.I P-19RESect-8.I P-20RESect-8.I P-21RESect-8.I P-22RESect-8.I P-23RESect-8.I P-24RESect-8.I P-25RESect-8.II P-7TIESect-8.II P-8TIESect-8.II P-11TIESect-8.II P-1RESect-8.II P-2RESect-8.II P-3RESect-8.II P-4RESect-8.II P-5RESect-8.II P-6RESect-8.II P-7RESect-8.II P-8RESect-8.II P-9RESect-8.II P-10RESect-8.II P-11RESect-8.II P-12RESect-8.II P-13RESect-8.II P-14RESect-8.II P-15RESect-8.II P-16RESect-8.II P-17RESect-8.II P-18RESect-8.II P-19RESect-8.II P-20RESect-8.II P-21RESect-8.II P-22RESect-8.II P-23RESect-8.III P-12TIESect-8.III P-13TIESect-8.III P-14TIESect-8.III P-15TIESect-8.III P-16TIESect-8.III P-1RESect-8.III P-2RESect-8.III P-3RESect-8.III P-4RESect-8.III P-5RESect-8.III P-6RESect-8.III P-7RESect-8.III P-8RESect-8.III P-9RESect-8.III P-10RESect-8.III P-11RESect-8.III P-12RESect-8.III P-13RESect-8.III P-14RESect-8.III P-15RESect-8.III P-16RESect-8.III P-17RESect-8.III P-18RESect-8.III P-19RESect-8.III P-20RESect-8.III P-21RESect-8.III P-22RESect-8.III P-23RECh-8 P-1CRCh-8 P-2CRCh-8 P-3CRCh-8 P-4CRCh-8 P-5CRCh-8 P-6CRCh-8 P-7CRCh-8 P-8CRCh-8 P-9CRCh-8 P-10CRCh-8 P-11CRCh-8 P-12CRCh-8 P-13CRCh-8 P-14CRCh-8 P-1ATCh-8 P-2ATCh-8 P-3ATCh-8 P-4ATCh-8 P-5ATCh-8 P-6ATCh-8 P-7ATCh-8 P-8ATCh-8 P-9ATCh-8 P-10ATCh-8 P-11ATCh-8 P-12ATCh-8 P-13ATCh-8 P-14ATCh-8 P-15AT

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

Single Variable Calculus

Statistics for The Behavioral Sciences (MindTap Course List)

Calculus: An Applied Approach (MindTap Course List)

Finite Mathematics and Applied Calculus (MindTap Course List)

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Probability and Statistics for Engineering and the Sciences

Elementary Geometry For College Students, 7e

Intermediate Algebra

Calculus: Early Transcendentals

Finite Mathematics

Elementary Technical Mathematics

Mathematical Applications for the Management, Life, and Social Sciences

Applied Calculus

Single Variable Calculus: Early Transcendentals, Volume I

Mathematical Excursions (MindTap Course List)

Understanding Basic Statistics

Essentials Of Statistics

Precalculus: Mathematics for Calculus (Standalone Book)

Multivariable Calculus

Calculus (MindTap Course List)

Calculus: Early Transcendental Functions

Calculus: Early Transcendental Functions (MindTap Course List)

Elements Of Modern Algebra

Trigonometry (MindTap Course List)

Calculus of a Single Variable

Single Variable Calculus: Early Transcendentals

Elementary Geometry for College Students

Study Guide for Stewart's Multivariable Calculus, 8th

Finite Mathematics for the Managerial, Life, and Social Sciences

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

STATISTICS F/BUSINESS+ECONOMICS-TEXT

College Algebra (MindTap Course List)

Introduction To Statistics And Data Analysis

Research Methods for the Behavioral Sciences (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)

Multivariable Calculus

Mathematics For Machine Technology

Calculus (MindTap Course List)

Statistics for Business & Economics, Revised (MindTap Course List)