A flower arrangement is marked up $12, which is 50% of the cost. a. Find the cost.

Question:

A flower arrangement is marked up $12, which is 50% of the cost.
a. Find the cost.
b. Find the selling price.

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

Step by Step Answer:

Related Book For book-img-for-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

See More Books

Question Posted: Mar 11, 2016 01:40 AM

See More Questions

Flowers Galore (FG) has been in business for several years. FG is open Monday-Friday with hours from 9 a.m. until 6 p.m. Saturdays, FG is open from 9 am until 2 pm. FG is the only flower shop in this...
Kate Rowland wishes to estimate the number of flower arrangements she must sell at $24.95 to break even. She has estimated fixed operating costs of $12,350 per year and variable operating costs of...
Bell Florists sells flowers on a retail basis. Most of the sales are for cash; however, a few steady customers have credit accounts. Bells sales staff fills out a sales slip for each sale. There is a...
What are conjugate faults, and what stress information do they give?
How is it that managements role as financial stewards may be considered a conflict of interest with their position as employees of the company?
What is osmotic pressure? How is osmotic pressure calculated? Molarity units are used in the osmotic pressure equation. When does the molarity of a solution approximately equal the molality of the...
Consider a 3 -year $10 \%$ coupon bond. The underlying short rate of interest follows a lattice with initial value of $R=1.15$ and then has an factor of 1.02 , a down factor of .99 , and...
Rodgers Corporation reported basic earnings per share of $1.25 for the year ended December 51, 2016. Rodgers had 8,000 shares of cumulative, nonconvertible $100 par, 12% preferred stock outstanding...
State the reasons why you believe unemployment among high school graduates vs unemployment amongst college graduates (bachelor's or higher) represents a challenge for the economy?
A nutrition plan app has a subscription that costs $10/month. The following chart gives average historical renewal rates for subscribers based on how many months they have been a subscriber. Month 1...
A computer table sells for $ 198.50 and costs $ 158.70. a. Find the markup. b. Find the rate of markup based on the cost.
Paradise Solar Lights marked up each box of four-color changing LED solar accent lights $8.25. The 60% markup of $8.25 was based on cost. Find the cost and selling price of each box of lights.
Cost drivers and cost pools are different descriptions for the same activity. True/False?
Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a...
Eaton Manufacturing currently produces 2,000 tables per month. The following per unit data for 2,000 tables apply for sales to regular customers: Direct materials Direct manufacturing labor Variable...
Junker's Stash started the Year 2 accounting period with the balances given in the following horizontal financial statements model. During Year 2, Junker's Stash experienced the following business...
2. Nike Inc. currently has an AA- rated (Standard & Poor's) corporate bond outstanding, with a coupon rate of 3.875%, paid semi-annually, due to mature at 11/01/2045 (assume 21 full years), and...
On January 1, Year 1, Grapefruit Corporation purchased a machine for $41,300,000. Grapefruit's management expects to use the machine for 26,000 hours over the next six years. The estimated residual...
Crohns disease involves chronic inflammation anywhere in the gastrointestinal (GI) tract. The disease is subdivided by where it occurs in the GI tract. Suppose a company is testing a new time-release...
2. In the circuit given in Figure 2, i,(t) = 5.67cos(5t)A and v (t) = 70.71 cos(5t 60) V a) Find the equivalent load impedance. State whether the load is inductive or capacitive. b) Calculate the...
What annual rate of return would money have to earn for $1975.00 to be equivalent to $1936.53 paid 100 days earlier?
At what rate can money be invested if $2370.00 is equivalent to $2508.79 paid 190 days later?
A late payment of $850.26 was considered equivalent to the originally scheduled payment of $830.00, allowing for interest at 9.9%. How many days late was the payment?
Case Study: XYZ Manufacturing Co. Background: XYZ Manufacturing Co. is a mid-sized manufacturing company that produces electronic components. The company has been in operation for several years and...
James borrows 60000 dollars from a bank that charges interest at an annual rate of 8 percent, compounded monthly. Calculate the monthly payment that James would have to make in order for the loan to...
Discuss the types of communication and the barriers to communication. Does good communication build trust in an organization? Does electronic communication help or hinder organizational communication?

A flower arrangement is marked up $12, which is 50% of the cost. a. Find the cost.

Question:

Step by Step Answer:

a C M M 1...View the full answer

Business Math

Students also viewed these Finance questions