Four packs of energy drinks are purchased for $3 24 The stores markup based on selling price is 16 2 3 (a) What is the cost of the four packs (b) What is the rate of markup based on cost ...

Four-packs of energy drinks are purchased for $3.24. The stores markup based on selling price is 16

Fantastic news! We've Found the answer you've been seeking!

Question:

Four-packs of energy drinks are purchased for $3.24. The store’s markup based on selling price is 16 2 3 % .

(a) What is the cost of the four-packs?
(b) What is the rate of markup based on cost?

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

See More Books

Posted Date: Feb 14, 2020 01:11 AM

See More Questions

A desk has an 84% markup based on selling price. What is the rate of markup based on cost?
Markup rate based on selling price = 15%; markup = $250. Find the selling price and cost.
An item has a 30% markup based on selling price. The markup is $100. a. Find the selling price. b. Find the cost.
It can be seen that in rolling a strip, the rolls will begin to slip if the back tension, b is too high. Derive an analytical expression for the magnitude of the back tension in order to make the...
Which of these associations is mismatched? a. Left ventricle-aorta b. Right ventricle-pulmonary trunk c. Right atrium-vena cava d. Left atrium-pulmonary artery e. Both b and c are incorrectly matched.
Determine the moments at A, B, and C. Assume the support at B is a roller and A and C are fixed. EI is constant. 3 k/ft 2 k/ft IB FA -36 ft -24 ft-
You need to understand the approach described in question 3 in More Genetic TIPS before answering this question. A gene that is normally expressed in pancreatic cells was cloned and then subjected to...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $350,000 per quarter. The company allocates...
What is operating leverage and how is it related to the cost structure of any organisation ?
Tru Developers, Inc., sells plots of land for industrial development. Tru recognizes income for financial reporting purposes in the year it sells the plots. For some of the plots sold this year, Tru...
2) Given samples (0) = 1, (1) = 2, (3) = 0, and (5) = 1, please use cubic spline interpolation to approximate f(4).
Define and differentiate between the terms "efficiency" and "effectiveness" in the context of business operations? Explain
Amazon vs Alibaba. compare the two electronic businesses. What are their histories, business models, current operations, and development perspectives? How do you see the competition between them?
You are given an array of integers named arr. Split arr into two subsets that produce the minimum absolute value of the difference between the total sum between the subsets. Hint: instead solve the...
A mass at rest explodes into 4 equal parts. All four parts have the same speed after the explosion. Three of the four parts have the following RCS velocity directions [40], [1300], and [220]. What is...
Calculating the Current Ratio and the Quick (or Acid-Test) Ratio LoLo Lemon Company has current assets equal to $500,000. Of these, $300,000 is cash, $75,000 is accounts receivable, $125,000 is...
PQR Corp. shares currently sell for $ 3 7 . It just paid a dividend of $ 2 . 2 5 , and expected to grow at a constant rate of 4 % per year. What will be the expected stock price next year and the...
2. Assume a person bends forward to lift a load "with his back" as shown in Figure P12.42a. The person's spine piv- ots mainly at the fifth lumbar vertebra, with the principal supporting force...
A DreamGear Wii Lady Fitness Workout Kit sells for $70.19 on a popular web site. The kit has a 62% markup based on cost. Find the cost and markup.
A new desk for an office has a cash price of $ 1,500 and can be purchased on the installment plan with a 12.5% finance charge. The desk will be paid for in 12 monthly payments. Find the amount of the...
Swift's Dairy Mart receives a shipment of refrigeration units totaling $2,386.50 including a shipping charge of $32. Swift's returns $350 worth of the units. Terms of the purchase are 2/10, n/30. If...
Provide an overview of the behavioral finance perspectives of risk.
Define the heuristic biases of representativeness, anchoring, and mental accounting.
List and explain some fundamental issues of behavioral finance.

Four-packs of energy drinks are purchased for $3.24. The stores markup based on selling price is 16

Question:

Expert Answer:

Given S324 M1623 of sp No... View the full answer

Business Math

Students also viewed these finance questions