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

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
Sink $65.00 $50.00 $115,00 45%

To determine

To calculate: The selling price and percent markup based on selling price if the cost of the sink is $65 and the amount of markup is $50.

Explanation

Given Information:

The cost of the sink is $65 and the amount of markup is $50.

Formula used:

The selling price can be calculated using the following equation:

Selling Price=Cost+Markup or SP=C+M

The percent markup based on selling price is computed as:

Percent markup based on Selling Price=MarkupSellingPrice or %MSP=MSP

Calculation:

Consider the provided data,

The cost of the sink is $65 and the amount of markup is $50.

So, C=$65 and M=$50.

The Selling Price is:

SP=C+M

Substitute C=$65 and M=$50 in SP=C+M,

SP=C+M=50+65=115

Therefore, the selling price is $115 if the cost of the sink is $65 and the amount of markup is $50

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

Evaluate the integral. 20.23x(35x)(3x1)(x1)2dx

Calculus: Early Transcendentals

Solving Equations Find all real solutions of the equation. 60. x2 + 24x + 144 = 0

Precalculus: Mathematics for Calculus (Standalone Book)

In Exercises 107-120, factor each expression completely. 115. 12x2 2x 30

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

Factor completely: 35a22a1

Elementary Technical Mathematics

Find the derivative of the function. f(t)2t3

Single Variable Calculus: Early Transcendentals, Volume I

Proof Prove Theorem 13.14.

Calculus: Early Transcendental Functions (MindTap Course List)

Use the guidelines of this section to sketch the curve. y=x213

Single Variable Calculus: Early Transcendentals

What is the number of the integral formula in your texts Table of Integrals that may be used to evaluate x2+2x+...

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

Describe the relationship between the alpha level and the likelihood of making a Type I error.

Research Methods for the Behavioral Sciences (MindTap Course List)