Using a markup of 35% of cost, a store priced a book at $8.91. (a) What was

Question:

Using a markup of 35% of cost, a store priced a book at $8.91.
(a) What was the cost of the book?
(b)What is the markup as a percent of selling price?

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

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:37 AM

See More Questions

A bicycle helmet costing $54.25 was marked up to realize a markup of 30% of the regular selling price. (a) What was the regular selling price? (b) What was the markup as a percent of cost?
1. Given the soft-goods targets, are these marked correctly? If not, what should the initial retail price be to obtain her 60 percent minimum initial markup percentage? 2. By noon another shipment...
The Music Store paid $14.95 for a DVD. Expenses are 21% of regular selling price and the required profit is 11% of regular selling price. During an inventory sale, the DVD was marked down 20%. (a)...
Comprehensive variance analysis review. Sonnet Inc. has the following budgeted standards for the month of March 2010: Sales of 2,000,000 units are budgeted for March. Actual March results are: Unit...
Briefly explain the following types of reinsurance methods for sharing losses: a. Quota-share treaty b. Surplus-share treaty c. Excess-of-loss reinsurance d. Reinsurance pool
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2016-2010 HAROUN COMPANY Comparative Balance Sheets...
Following are errors, frauds, or other circumstances that an auditor might encounter as a result of applying substantive tests to cash balances as of December 31. a. The petty cash fund is short $75....
Table illustrates the supply and demand schedules for calculators in Sweden and Norway. On graph paper, draw the supply and demand schedules of each country. a. In the absence of trade, what are the...
b. Simulate the graph in given in Figure. 1 to find the shortest path from the graph given below using Dijkstra algorithm, where 'A' is the starting node and 'G' is the destination Value of 'y' is...
Consider a home theatre system consisting of a television set, a receiver, a DVD player, speakers, and any other components you wish to include. Draw a system diagram for this system. Include both...
A retail store realizes a markup of $31.50 if it sells an article at a markup of 35% of the selling price. (a) What is the regular selling price? (b) What is the cost? (c) What is the rate of markup...
A bedroom suite that cost a dealer $1800 less 37.5% and 18% carries a price tag with a regular selling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40%. (a)...
Go to http://www.osp.gatech.edu/budget and click on Sample Budget. Reproduce the summary project budget worksheet. After examining the various elements in the budget, what are the main cost drivers...
[25 marks] Your aunt decided to open a day-care centre. The number of kids at her day-care centre is rapidly increasing and her methods of keeping data about the kids and their parents and guardians...
The math: explain how you move from the details of a situation to the next level. Each of you will address this question differently. We are recording the acquisitions and operations of our company....
-6 -4 -2 0 x (m) 2 4 B 6 For the vectors A (red color), B (blue color), and C (green color) use the component method to F-C.A.B. determine the vector F = (
U.S. households with between $100,000 and $250,000 in investable assets are considered to be the United States. O low income O middle income O median affluent O mass affluent and are one of the...
Suppose a public referendum is being held on whether or not to levy a tax on cigarettes. Currently, the supply of cigarettes is given by Qs = -80 + 30P. You estimate the demand for cigarettes to be...
Why does going green make good business sense for large corporations?
10m solution. If Ka(HA) = 10 then pOH of solution will be [Given : log4=0.6] (A) 6.7 (B) Greater than 6.7 & less than 7.0 (C) Greater 7.0 & less than 7.3 (D) Greater than 7.3
The number of combinations Cn, r of taking r objects out of n objects is given by: Cn,r = n!/r!(n-r)! (a) Determine how many combinations are possible in a lottery game for selecting 6 numbers that...
The formula for changing the base of a logarithm is: logaN = logbN/logba (a) Use MATLAB's function log (x) to calculate log4 0.085. (b) Use MATLAB's function logl0 (x) to calculate log61500.
The equivalent resistance, Req, of four resistors, R1, R2, R3, and R4, that are connected in parallel is given by: Req = 1/1/R1 + 1/R2 + 1/R3 + 1/R4 Calculate Req if R1 = 1200¦, R2 = 2200, R3...
On a particular day, there were 300 stocks that advanced on the NYSE and 800 that declined. The volume in advancing issues was 1000 and the volume in declining issues was 3000. What is the trin ratio?
A coupon bond that pays interest of $30 annually has a par value of $1000, matures in 6 years, and is selling today at $850. What is the yield to maturity on this bond?
A callable bond pays annual interest of $40, has a par value of $1000, matures in 4 years but is callable in 3 years at a price of $1100, and has a value today of $1020. What is the yield to call on...

Using a markup of 35% of cost, a store priced a book at $8.91. (a) What was

Question:

Step by Step Answer:

a C 035C Selling price 1...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions