A home improvement centre buys a shop vacuun1 for $38. Operating expenses are estimated to be 35%
Question:
A home improvement centre buys a shop vacuun1 for $38. Operating expenses are estimated to be 35% of cost, and desired operating profit is 45% of cost.
a. What price should be charged for the vacuum?
b. What is the hon1e improvement centre's rate of markup based on cost and based on selling price?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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