An item is marked down by the same percentage as the rate of markup on selling price.
Question:
An item is marked down by the same percentage as the rate of markup on selling price. Will the reduced operating profit be positive, negative, or zero? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
To determine whether the reduced operating profit will be positive negative or zero we need to consi...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
An item was marked up from $58.50 to $95.00, then later marked down by 30% during a Spring Sale. Determine: a. The original rate of markup on selling price. b. The price during the Spring Sale.
-
In February, Long Lake Nursery ordered lawn fertilizer at $18.60 less 33 1/3%, 12 %, and 32 5% per 20-kg bag. The fertilizer is normally priced to provide a 55% rate of markup on selling price....
-
The price of tools is set by a hardware store to cover operating expenses at 40% of cost, and to generate an operating profit of 25% of cost. What is the rate of markup on selling price for a rotary...
-
Suppose that one worker can shovel snow from a storefront sidewalk in 50 minutes and another worker can shovel it in 30 minutes. How long will it take if they work together?
-
A 3-ft depth of stagnant water at 25oC lies on top of a 0.10-in. thickness of NaCl. At time < 0, the water is pure. At time = 0, the salt begins to dissolve and diffuse into the water. If the...
-
All-Star Bat Manufacturing, Inc., supplies baseball bats to major and minor league baseball teams. After an initial order in January, demand over the six-month baseball season is approximately...
-
Determine whether the following can be probability distributions of a random variable which can take on only the values \(1,2,3\), and 4 . (a) \(f(1)=0.19, \quad f(2)=0.27, \quad f(3)=0.27\), and...
-
1. How does the institutional environment and view come into play for Oxford in this case? 2. How does legitimacy fit into this situation? 3. How might coercive forces affect this decision?
-
You are preparing the 2 0 2 0 tax return for Mr . and Mrs . Gumball, who are both over age 6 5 . Their AGI was $ 2 2 , 0 0 0 . What amount may they use as a credit for the elderly? They file a joint...
-
Open the Amlie Solution.sln file contained in the VB2017\Chap02\Amlie Solution folder. If necessary, open the designer window. Organize the interface so that it follows the GUI design guidelines...
-
Suppose an item that originally had a 40% rate of markup on cost is marked down 40%. Is its reduced selling price equal to C? Explain.
-
(a) In an experiment, 5.0 mmol Cl 2 (g) was sealed into a reaction vessel of volume 2.0 L and heated to 1200. K, and the dissociation equilibrium was established. What is the equilibrium composition...
-
Construct a truth table for the statement. p ~ p
-
A sum of $1,000 is borrowed today. The loan is to be paid off with interest at the end of 3 years with no payments made in between. Calculate the total interest paid using: a. Simple interest of 8...
-
A $20,000 municipal bond is offered for sale at $18,000. The bond interest rate is 6 percent per year payable semiannually. The bond will mature and be redeemed at face value 5 years from now. If you...
-
Each year, $7,500 is invested at 4 percent annual compound interest. a. What is the value of the investment portfolio after 20 years? After 25 years? After 30 years? b. Repeat part (a) with the...
-
Charlotte wishes to accumulate $100,000 in a savings account in 10 years. If she wishes to make a single deposit today and the bank pays 4 percent compounded annually on deposits of this size, how...
-
You are offered \($200\) now plus \($100\) a year from now for your used computer. Since the sum of those two amounts is \($300\), the buyer suggests simply waiting and giving you \($300\) a year...
-
Phong would like to begin planning her estate. She owns marketable securities that cost $10,000 twelve years ago. The market value is $40,000. She wonders whether she should sell her securities and...
-
For a nonzero constant a, find the intercepts of the graph of (x 2 + y 2 ) 2 = a 2 (x 2 - y 2 ). Then test for symmetry with respect to the x-axis, the y-axis, and the origin.
-
Why might an analyst incorporate the industry-market-size factor and the interrelationships among the growth, price-recovery, and productivity components into a strategic analysis of operating income?
-
How does an engineered cost differ from a discretionary cost?
-
What is downsizing?
-
If today's 1-year interest rate is 5%, and you expect 1-year interest rates to be 6% next year and 6.25% the year after that, compute the term structure and draw today's yield curve based on the...
-
Suppose and based on the publication of the Ministry of Health, Pizza is considered a harmful item and causes overweight problems, and this leads to consumption reduction. Explain graphically the...
-
A start-up firm that is entering an industry usually has to convince potential buyers that its goods are reliable and provide sufficient value in relation to the price that the firm intends to...
Study smarter with the SolutionInn App