A jewelry store purchased 100 fashion watches for $2,000. If the store sold 50 watches at...
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A jewelry store purchased 100 fashion watches for $2,000. If the store sold 50 watches at $40, 40 watches at $36, and the rest at $20, find the total markup, the markup percent on selling price, and the equivalent markup percent on cost. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent. A jewelry store purchased 100 fashion watches for $2,000. If the store sold 50 watches at $40, 40 watches at $36, and the rest at $20, find the total markup, the markup percent on selling price, and the equivalent markup percent on cost. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
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To solve this problem we need to calculate the total markup the markup percent on the selling price ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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