A desk organizer sells for $35, which includes a markup rate of 60% based on the selling
Question:
a. Find the markup based on
b. Find the cost, selling price.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
a M M S M 60 ...View the full answer
Answered By
Anoop V
I have five years of experience in teaching and I have National Eligibility in teaching (UGC-NET) .
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
Markup = $75; markup rate of 60% based on the selling price, a. Find the selling price. b. Find the cost.
-
Cost = $32; selling price = $40. Find the rate of markup based on the selling price.
-
Selling price = $1,980; cost = $795. Find the rate of markup based on the selling price.
-
What (if anything) is wrong with each of the following statements? a. if (a > b) then c = 0; b. if a > b { c = 0; } c. if (a > b) c = 0; d. if (a > b) c = 0 else b = 0;
-
Tannell Johnson is an accounting software consultant at Fipps and Associates Consulting. Fipps is a value-added reseller of accounting software for midsize companies, which normally have revenue...
-
The differential equation dp/dt = (k cost)P, where k is a positive constant, is a model of human population P(t) of a certain community. Discuss an interpretation for the solution of this equation....
-
Describe the supply chain operations reference (SCOR) model for monitoring project supply chain performance.
-
On November 1, 2019, Gerakos Corporation sold software and a six-month technical support contract to a customer for $80,000. Gerakos sells the same software without technical support for $60,000. It...
-
Share an example from your own experience about how your workplace established spending and hiring goals. Please summarize: What worked well and what did not work well? How might the forecasting...
-
Jeremiah Restoration Company completed the following selected transactions during January: Jan. 3. Store supplies, $470. 7. Express charges on merchandise sold, $s5 (Delivery Expense). 9. Office...
-
Find the selling price and markup for a pair of Orvis sensor gloves that costs the retailer $20.40 if the markup is 60% of the selling price.
-
Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case $130.50 over cost, which is a 58% markup based on the cost. Find the cost, the selling price, and the rate of the selling price. Round...
-
Elmira Bakery Inc operates a bakery business. Elmira entered into a general security agreement with Brunswick Bank on 1 January 2014 to provide security for a loan from the bank. On 1 April 2014,...
-
Multiply (-5+91)(3-76)
-
Let f(x)=x2-x+6 and g(x)=7x+9. Find g(3) and f(g(3)). g(3)=(Simplify your answer.)
-
4 sin x If f(x) then 3+ cos x f'(x)= f'(2)=
-
The TreadShoe Company operates a chain of shoe stores. The stores sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices. A unit is defined as a pair of...
-
Complete these equations by predicting the major product formed in each reaction. Note that some of these reactions involve rearrangements. (See Examples 5.2, 5.5) (a) HBr (b) HSO + HO (c) HSO + HO...
-
For the inequality 4 < 9, state the inequality that results when the given operations are performed on both members. Add 5.
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
$7348.25 was the amount required to pay off a loan after 14 months. If the loan was at 8 % per annum simple interest, how much of the total was interest?
-
What was the interest rate on a $1750 loan, if the amount required to pay off the loan after five months was $1828.02?
-
A $2875.40 investment grew to $3000 after eight months. What annual rate of simple interest did it earn?
-
The structure of a Neural Network is given below. W W Y H X1 X2 H The input value X = X2 X-8 and the desired output value is Y The initial weight matrix for the first layer W: w = [WW] = [36] 4 (1)
-
Aysha's Cash Book showed a bank overdraft of Rs. 60,000 on 31" March, 2020. On Comparison of the two books, the following differences were noted down. a. A cheque for 3,000 deposited on 30th March,...
-
Fuzzy Monkey Technologies, Incorporated purchased as a long-term investment $140 million of 10% bonds, dated January 1, on January 1, 2024. Management intends to have the investment available for...
Study smarter with the SolutionInn App