A car accessory is sold for $42.90. The stores markup based on cost is 50%. (a) What

Question:

A car accessory is sold for $42.90. The store’s markup based on cost is 50%.
(a) What is the cost of the car accessory?
(b) What is the rate of markup based on 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 03:35 AM

See More Questions

A 40% markup based on cost is equivalent to what percent based on selling price (retail)?
Selling price = $ 148.27; rate of markup based on cost = 40%. a. Find the cost. b. Find the markup.
Cost = $40; rate of markup based on cost = 35%. a. Find the markup. b. Find the selling price.
List all types of bonding present in the compound CaCO3. List all types of bonding present in the compound CaCO3. I. ionic bond II. polar covalent bond III. nonpolar covalent bond A. I only B. II...
Explain the general rules of agency that govern the actions of agents and their relationship to insureds.
In the realm of accounting, interest expense plays a crucial role in determining a company's financial performance and stability. Let's delve into a scenario to understand the intricacies of...
To investigate the average time to failure of a certain soldered object subject to continuous flow of current, 5 soldered objects were subjected to specified volts and amperes of current and their...
Give two reasons stockholders might be indifferent between owning the stock of a firm with volatile cash flows and that of a firm with stable cash flows.
Select at least two news articles that discuss demand, supply, and equilibrium price of two substitute products, like beef and chicken; butter and margarine. It can be two articles that discuss both...
The steady-state distribution of temperature on a heated plate can be modeled by the Laplace equation, 0 = ? 2 T/?x 2 + ? 2 T/?y 2 If the plate is represented by a series of nodes (Figure), centered...
Its About Time sells clocks for $23.10. The stores markup based on cost is 37.5%. (a) What is the cost of the clocks? (b) What is the rate of markup based on selling price?
Neptune Dive Shop sells snorkelling equipment for $50. The shops cost is $25 and the operation expenses are 30% of the regular selling price. How much profit will the shop make on each sale?
Consider the motor whose parameters are given in Problem 48. Use MATLAB to obtain a plot of the response of ia(t) and (t) if the applied voltage is the modified step va(t) = 10(1 - e-100t) V....
An electron of mass m, subjected to an electromagnetic force F follows a path described by the position vector F = (ecos(at) + bt) + esin(at)] where t represents time and e and b are positive...
On Apr 5, 2021 Carter was in Omaha, Nebraska attending a seminar and was a guest at the Blue beiger Inn. At the end of the first day of the seminar, Carter took a swim in the motel's pool. Following...
It is important to have an awareness of the Rules of Offer and Acceptance in order to avoid missing out on opportunities to enter into beneficial business transactions.A contract must demonstrate a...
7. You have two charged sphere and one of them has three times the surface area of the second one. The larger one has +8 pC of charge and the smaller one has +12 nC of charge. If you touch them...
A mixture office and water with total volume 1 litre (and weight 1kg) is placed in a kettle which has a heat capacity of 2600 J/K and which delivers 2kW to the ice/water mixture. If the mixture is...
Let f (x) = x - 2x 3 + 4x 5 - 8x 7 + 16x 9 -. (a) Find the Taylor series expansion of 1f (x) dx at x = 0. (b) Find a simple formula for 1f (x) dx not involving a series.
A 6-lb shell moving with a velocity ?? v0k explodes at point D into three fragments which hit the vertical wall at the points indicated. Fragments A, B, and C hit the wall 0.010 s, 0.018 s, and 0.012...
Suppose you observe the following 1-year interest rates, spot exchange rates and futures prices. Futures contracts are available on 10,000. How much risk-free arbitrage profit could you make on 1...
Do leading indicators tend to give longer warnings before peaks or before troughs? What is the implication for the investor?
List the five stages of the industry life cycle. How does the pattern of cash dividend payments change over the cycle? (A general statement is all that is required.)
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Submit Date March 1 March 5 March 9 March 18 March 25 March 29...
Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is...
What are the fundamental differences between preemptive and cooperative multitasking in an operating system, and in which scenarios would each be most effective ?

A car accessory is sold for $42.90. The stores markup based on cost is 50%. (a) What

Question:

Step by Step Answer:

a C 05 of C 4290 15 C 429...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions