A serving tray costs $ 1, 4(K) and sells for $2,015. a. Find the rate of markup
Question:
a. Find the rate of markup based on cost,
b. Find the rate of markup based on selling price.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
a M S C 2015 1400 615 M ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
Cost = $32; selling price = $40. Find the rate of markup based on the selling price.
-
Cost = $60; selling price = $ 150. a. Find the markup. b. Find the rate of markup based on cost.
-
Selling price = $1,980; cost = $795. Find the rate of markup based on the selling price.
-
In the game of roulette, a gambler who wins the bet receives $36 for every dollar she or he bet. A gambler who does not win receives nothing. If the gambler bets $1, what is the expected value of the...
-
Is it necessary to have both general controls and application controls to have a strong system of internal controls?
-
Refer to Exercise 2. Reverse the probabilities; that is, let P(S 1) = .30 and P(S 2 ) = .70 and use Expected Monetary Value to evaluate the decision. Does this alter your decision? In exercise 2...
-
Your project is scheduled to last three months and cost $150,000. At the end of the first month, the project is 20% complete. What is the earned value (EV)?
-
Sampling four pieces of precision-cut wire (to be used in computer assembly) every hour for the past 24 hours has produced the following results: Develop appropriate control limits and determine...
-
Describe how the Entity Relationship Diagrams (DER) model. Include in your description the meaning of each of the elements that can compose a DER.
-
Suppose that fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished...
-
Markup = $75; markup rate of 60% based on the selling price, a. Find the selling price. b. Find the cost.
-
What is the equivalent markup based on cost of a water fountain that is marked up 63% based on the selling price?
-
How does Microsoft define risk management? What phases are used in its approach?
-
What would be good responses to the the following questions? Efficient and effective use of limited resources is the key to success in today's economy. Assisting in the budget planning process is a...
-
Applying Blockchain to your Business or Career. Given what you have knowledge about blockchain technologies, how could you apply it to your business or future career? My Career is in Engineering...
-
Imagine that you're an executive leader (CEO, CFO, COO, etc.). The board of directors has tasked you with evaluating the organization's financial results over the past three years. The board...
-
In responding to your peers, evaluate how their examples can impact employee management. Support your response with sound arguments and properly cited sources, when applicable. SAS is consistently...
-
The local ice cream shop sells single-scoop cones. The store employs a manager plus one full-time and two part-time employees, and also incurs costs for labor, rent, and insurance. Information...
-
Use the half-angle formulas to evaluate the given functions. cos 112.5
-
The slopes of the tangents at the points where the curve y = x2 - 4x intersects the X-axis is 1) 1 2) +2 3) +3 4) +4
-
What amount two years from now will be equivalent to $2300 at a date 1 years ago, if 2 money earns 6.25% compounded semiannually during the intervening time?
-
Payments of $1300 due today and $1800 due in 1 years are to be replaced by a single payment 4 years from now. What is the amount of that payment if money is worth 6% compounded quarterly?
-
Bjorn defaulted on payments of $2000 due 3 years ago and $1000 due 1 years ago. What would a fair settlement to the payee be 1 years from now, if the money 2 could have been invested in low-risk...
-
D.L. Ko and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Ko, the president, to believe...
-
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and...
-
Accounts receivable 37,100 Inventory 68,900 Equipment 350,860 Accumulated depreciation, equipment 159,000 Accounts payable 127,200 Bank loan payable 74,200 Deferred revenue 23,320 Common shares...
Study smarter with the SolutionInn App