Contemporary Mathematics for Busin...

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent.

In February, Golf World, a retail shop, purchased golf clubs for $453.50 per set. The original markup was 35 % based on selling price. In April, the shop took a 20 % markdown by having a special sale. After two weeks, the sale was over and the clubs were marked up 10 % . In June, the shop offered a storewide sale of 15 % off all merchandise, and in September, a final 10% markdown was taken on the clubs. What was the final selling price of the golf clubs?

To determine

To calculate: The final Selling Price, for given, Cost is $453.50 and the percent markup based on selling price is 35% and series of markups and markdowns.

Explanation

Given Information:

The Cost is $453.50 and the percent markup based on selling price is 35%.

Formula used:

The Selling Price can be calculated using the following equation:

Selling Price=Cost100%−%MSP or SP=C100%−%MSP

The Sale Price can be calculated using the following equation:

Sale Price=Original Selling Price(100%−Markdown%) or Sale=Orig(100%−MD%)

Another formula to calculate the Selling Price is:

Selling Price=Sale Price(100%+%Markup)or SP=Sale(100%+%M)

Another formula to calculate the Sale Price is:

Sale Price=Previous Selling Price(100%−Markdown%) or Sale=Previous SP(100%−MD%)

Calculation:

Consider the provided data, Cost $453.50, and percent markup based on selling price is 35%:

Assume, %MSP=35% and C = $453.50

This markup and markdown series can be solved using the 5 steps as:

Step 1: To calculate the Original Selling Price.

The Original Selling Price is:

SP=C100%−%MSP

Substitute for %MSP=35% and C = $453.50 in SP=C100%−%MSP:

SP=453.50100%−35%=453.500.65=697.69

Therefore, the Original Selling Price of golf club, is $697.69.

Step 2: To calculate the Sale Price, with markdown of 20%.

The Sale Price is:

Sale=Orig(100%−MD%)

Substitute for MD%=20% and Orig = $697.69 in Sale=Orig(100%−MD%):

Sale=697

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

Chapter 8 Solutions

Show all chapter solutions

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

Sect-8.I P-5RE Sect-8.I P-6RE Sect-8.I P-7RE Sect-8.I P-8RE Sect-8.I P-9RE Sect-8.I P-10RE Sect-8.I P-11RE Sect-8.I P-12RE Sect-8.I P-13RE Sect-8.I P-14RE Sect-8.I P-15RE Sect-8.I P-16RE Sect-8.I P-17RE Sect-8.I P-18RE Sect-8.I P-19RE Sect-8.I P-20RE Sect-8.I P-21RE Sect-8.I P-22RE Sect-8.I P-23RE Sect-8.I P-24RE Sect-8.I P-25RE Sect-8.II P-7TIE Sect-8.II P-8TIE Sect-8.II P-11TIE Sect-8.II P-1RE Sect-8.II P-2RE Sect-8.II P-3RE Sect-8.II P-4RE Sect-8.II P-5RE Sect-8.II P-6RE Sect-8.II P-7RE Sect-8.II P-8RE Sect-8.II P-9RE Sect-8.II P-10RE Sect-8.II P-11RE Sect-8.II P-12RE Sect-8.II P-13RE Sect-8.II P-14RE Sect-8.II P-15RE Sect-8.II P-16RE Sect-8.II P-17RE Sect-8.II P-18RE Sect-8.II P-19RE Sect-8.II P-20RE Sect-8.II P-21RE Sect-8.II P-22RE Sect-8.II P-23RE Sect-8.III P-12TIE Sect-8.III P-13TIE Sect-8.III P-14TIE Sect-8.III P-15TIE Sect-8.III P-16TIE Sect-8.III P-1RE Sect-8.III P-2RE Sect-8.III P-3RE Sect-8.III P-4RE Sect-8.III P-5RE Sect-8.III P-6RE Sect-8.III P-7RE Sect-8.III P-8RE Sect-8.III P-9RE Sect-8.III P-10RE Sect-8.III P-11RE Sect-8.III P-12RE Sect-8.III P-13RE Sect-8.III P-14RE Sect-8.III P-15RE Sect-8.III P-16RE Sect-8.III P-17RE Sect-8.III P-18RE Sect-8.III P-19RE Sect-8.III P-20RE Sect-8.III P-21RE Sect-8.III P-22RE Sect-8.III P-23RE Ch-8 P-1CR Ch-8 P-2CR Ch-8 P-3CR Ch-8 P-4CR Ch-8 P-5CR Ch-8 P-6CR Ch-8 P-7CR Ch-8 P-8CR Ch-8 P-9CR Ch-8 P-10CR Ch-8 P-11CR Ch-8 P-12CR Ch-8 P-13CR Ch-8 P-14CR Ch-8 P-1AT Ch-8 P-2AT Ch-8 P-3AT Ch-8 P-4AT Ch-8 P-5AT Ch-8 P-6AT Ch-8 P-7AT Ch-8 P-8AT Ch-8 P-9AT Ch-8 P-10AT Ch-8 P-11AT Ch-8 P-12AT Ch-8 P-13AT Ch-8 P-14AT Ch-8 P-15AT

Additional Math Solutions

Find more solutions based on key concepts

Show solutions

A force with magnitude 20 N acts directly upward from the .xy-plane on an object with mass 4 kg. The object sta...

Calculus: Early Transcendentals

Find the estimated standard error for the sample mean for each of the following samples. a. n=9 with SS=1152 b....

Statistics for The Behavioral Sciences (MindTap Course List)

If tan=1160, find sec and cot.

Elementary Geometry For College Students, 7e

Interpretation You are manager of a specialty coffee shop and collect data throughout a full day regarding wait...

Understanding Basic Statistics

Writing an Equivalent Series In Exercises 45-48, write an equivalent series with the index of summation beginni...

Calculus: Early Transcendental Functions

For Problems 19-28, use the following set designations. N= x|x is a natural number Q= x|x is a rational number ...

Intermediate Algebra

Solve the equations in Exercises 126. 2x3x2x3x+1=0

Applied Calculus

SOC/CJ A random sample of 113 felons convicted of nonviolent crimes in a state prison system completed a progra...

Essentials Of Statistics

Show by means of an example that limxa[f(x)+g(x)] may exist even though neither limxaf(x)norlimxag(x)exists.

Single Variable Calculus: Early Transcendentals, Volume I

In Exercises 17-22, sketch the graph of the function f and evaluate limxaf(x), if it exists, for the given valu...

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

Finding Derivatives In Exercises 1-24, find the derivative of the function. See Examples 1, 2, 4, 5, and 8. g(x...

Calculus: An Applied Approach (MindTap Course List)

The following observations are on stopping distance (ft) of a particular truck at 20 mph under specified experi...

Probability and Statistics for Engineering and the Sciences

In Exercises 1 to 20, let U = {1, 2, 3, 4, 5, 6, 7, 8}, A= {2, 4,6}, B = {1, 2,5,8}, and C = {1, 3, 7}. Find ea...

Mathematical Excursions (MindTap Course List)

Which of the following statements is false regarding grouped frequency distribution tables? a. An interval widt...

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

Solve each equation: 25x=x2

Elementary Technical Mathematics

Referring to the following figure, determine the coordinates of the indicated points as accurately as you can.

Finite Mathematics and Applied Calculus (MindTap Course List)

Find the linear approximation of the function f(x,y,z)=x3y2+z2 at the point (2, 3, 4) and use it to estimate th...

Multivariable Calculus

Rewrite each expression in Exercises 116 as a single rational expression, simplified as much as possible. x4x+1...

Finite Mathematics

Complete Factorization Factor the polynomial completely, and find all its zeros. State the multiplicity of each...

Precalculus: Mathematics for Calculus (Standalone Book)

Use the Ratio Test to determine whether the series is convergent or divergent. n=1n!nn

Calculus (MindTap Course List)

Explain, using Theorems 4, 5, 7, and 9, why the function is continuous at every number in its domain. State the...

Single Variable Calculus

In Problems 39-42, find the relative maxima and relative minima, and sketch the graph with a graphing calculato...

Mathematical Applications for the Management, Life, and Social Sciences

Problems 1 through 10 refer to triangle ABC, which is not necessarily a right triangle. If C=165, a=10 cm, and ...

Trigonometry (MindTap Course List)

Finding an Equation of a Tangent Line In Exercises 67-74, (a) find an equation of the tangent line to the graph...

Calculus of a Single Variable

Using Rolle's Theorem In Exercises 7-10, dud the two x-intercepts of the function f and show that f(x)=0 at som...

Calculus: Early Transcendental Functions (MindTap Course List)

Convert from radians to degrees. 10. 83

Single Variable Calculus: Early Transcendentals

If , prove .

Elements Of Modern Algebra

In Exercise 3 and 4, supply statements. Given: 12 and 23 Prove: 13 PROOF Statements Reasons 1. ? 1. Given 2. ? ...

Elementary Geometry for College Students

INVESTMENT ANALYSIS Rosa Walters is considering investing 10,000 in two mutual funds. The anticipated returns f...

Finite Mathematics for the Managerial, Life, and Social Sciences

Sometimes, Always, or Never: If 0 ≤ an ≤ bn for all n and diverges, then converges.

Study Guide for Stewart's Multivariable Calculus, 8th

Evaluate . e + 1

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

Classifying a Point In Exercises 19-22, a vector field and a point in the vector field are given. Determine whe...

Multivariable Calculus

Define cross-sectional and longitudinal designs, identify these designs when they appear in a research report, ...

Research Methods for the Behavioral Sciences (MindTap Course List)

The U.S. Environmental Protection Agency (EPA) monitors levels of pollutants in the air for cities across the c...

STATISTICS F/BUSINESS+ECONOMICS-TEXT

On the basis of data provided by a Romac salary survey, the variance in annual salaries for seniors in public a...

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

Explain how the existence of an interaction can influence the interpretation of main effects.

Research Methods for the Behavioral Sciences (MindTap Course List)

The paper Depression, Body Mass Index, and Chronic Obstructive Pulmonary DiseaseA Holistic Approach (Internatio...

Introduction To Statistics And Data Analysis

Practice Solve each equation. If an answer is not exact, give the answer in decimal form. Round to four decimal...

College Algebra (MindTap Course List)

Security Camera A security camera is centered 50 feet above a 100-foot hallway (see figure). It is easiest to d...

Calculus (MindTap Course List)

Express the following decimal numbers as 5211 code numbers. 45.26

Mathematics For Machine Technology

Finding Numbers In Exercises 510, find two positive numbers that satisfy the given requirements. The sum is S a...

Calculus

MathAdvanced MathContemporary Mathematics for Business & Consumers8th Edition

Contemporary Mathematics for Busin...

Solutions

Contemporary Mathematics for Busin...

Still sussing out bartleby?

The Solution to Your Study Problems

Chapter 8 Solutions

Additional Math Solutions

Find more solutions based on key concepts

A force with magnitude 20 N acts directly upward from the .xy-plane on an object with mass 4 kg. The object sta...

Find the estimated standard error for the sample mean for each of the following samples. a. n=9 with SS=1152 b....

If tan=1160, find sec and cot.

Interpretation You are manager of a specialty coffee shop and collect data throughout a full day regarding wait...

Writing an Equivalent Series In Exercises 45-48, write an equivalent series with the index of summation beginni...

For Problems 19-28, use the following set designations. N= x|x is a natural number Q= x|x is a rational number ...

Solve the equations in Exercises 126. 2x3x2x3x+1=0

SOC/CJ A random sample of 113 felons convicted of nonviolent crimes in a state prison system completed a progra...

Show by means of an example that limxa[f(x)+g(x)] may exist even though neither limxaf(x)norlimxag(x)exists.

In Exercises 17-22, sketch the graph of the function f and evaluate limxaf(x), if it exists, for the given valu...

Finding Derivatives In Exercises 1-24, find the derivative of the function. See Examples 1, 2, 4, 5, and 8. g(x...

The following observations are on stopping distance (ft) of a particular truck at 20 mph under specified experi...

In Exercises 1 to 20, let U = {1, 2, 3, 4, 5, 6, 7, 8}, A= {2, 4,6}, B = {1, 2,5,8}, and C = {1, 3, 7}. Find ea...

Which of the following statements is false regarding grouped frequency distribution tables? a. An interval widt...

Solve each equation: 25x=x2

Referring to the following figure, determine the coordinates of the indicated points as accurately as you can.

Find the linear approximation of the function f(x,y,z)=x3y2+z2 at the point (2, 3, 4) and use it to estimate th...

Rewrite each expression in Exercises 116 as a single rational expression, simplified as much as possible. x4x+1...

Complete Factorization Factor the polynomial completely, and find all its zeros. State the multiplicity of each...

Use the Ratio Test to determine whether the series is convergent or divergent. n=1n!nn

Explain, using Theorems 4, 5, 7, and 9, why the function is continuous at every number in its domain. State the...

In Problems 39-42, find the relative maxima and relative minima, and sketch the graph with a graphing calculato...

Problems 1 through 10 refer to triangle ABC, which is not necessarily a right triangle. If C=165, a=10 cm, and ...

Finding an Equation of a Tangent Line In Exercises 67-74, (a) find an equation of the tangent line to the graph...

Using Rolle's Theorem In Exercises 7-10, dud the two x-intercepts of the function f and show that f(x)=0 at som...

Convert from radians to degrees. 10. 83

If , prove .

In Exercise 3 and 4, supply statements. Given: 12 and 23 Prove: 13 PROOF Statements Reasons 1. ? 1. Given 2. ? ...

INVESTMENT ANALYSIS Rosa Walters is considering investing 10,000 in two mutual funds. The anticipated returns f...

Sometimes, Always, or Never: If 0 ≤ an ≤ bn for all n and diverges, then converges.

Evaluate . e + 1

Classifying a Point In Exercises 19-22, a vector field and a point in the vector field are given. Determine whe...

Define cross-sectional and longitudinal designs, identify these designs when they appear in a research report, ...

The U.S. Environmental Protection Agency (EPA) monitors levels of pollutants in the air for cities across the c...

On the basis of data provided by a Romac salary survey, the variance in annual salaries for seniors in public a...

Explain how the existence of an interaction can influence the interpretation of main effects.

The paper Depression, Body Mass Index, and Chronic Obstructive Pulmonary DiseaseA Holistic Approach (Internatio...

Practice Solve each equation. If an answer is not exact, give the answer in decimal form. Round to four decimal...

Security Camera A security camera is centered 50 feet above a 100-foot hallway (see figure). It is easiest to d...

Express the following decimal numbers as 5211 code numbers. 45.26

Finding Numbers In Exercises 510, find two positive numbers that satisfy the given requirements. The sum is S a...

Math
Advanced Math Contemporary Mathematics for Business & Consumers 8th Edition