A seven-day Mexican cruise was advertised at a price of $1299 per person based on double occupancy.

Question:

A seven-day Mexican cruise was advertised at a price of $1299 per person based on double occupancy. If the cruise was booked two months in advance, the price would be lowered to $935 per person. What rate of markdown has been offered?

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 03:36 AM

See More Questions

A seminar was advertised at a price of $125 per person. If the tickets were purchased at least two weeks in advance, the price would be lowered to $105 per person. What rate of markdown has been...
Bob Jones owns a catering company that prepares banquets and parties for individual and corporate functions throughout the year. Jones's business is seasonal, with a heavy schedule during the summer...
John R. and Anne L. Miller are married and live at 13071 Sterling Drive, Aitkin, MN 56431. John is a self-employed insurance claims adjuster (business activity code 524290), and Anne is the dietitian...
Hydrocarbon A has the formula C 9 H 12 and absorbs 3 equivalents of H 2 to yield R, C 9 H 18 , when hydrogenated over a Pd/C catalyst. On treatment of A with aqueous H 2 SO 4 in the presence of...
Describe the risk-based capital standards that insurers must meet.
Jack Daniels whiskey uses its core American values of authenticity, masculinity, and fraternalism successfully in other English-speaking countries like the United Kingdom, Australia, and South...
Figure P28.90 shows two square loops of wire. The loop on the right is fixed in place, and the one on the left is free to pivot in any direction. Both loops carry a current that is counterclockwise...
Tried and True Clothing has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest...
15.A ray of light is incident on a slab as shown in figure. The refractive index of medium of slab changes as =1+ y. The angle made by ray with x-axis at y = 2 is 30 0 air 2
A river flowing steadily at a rate of 175 m 3 /s is considered for hydroelectric power generation. It is determined that a dam can be built to collect water and release it from an elevation...
An eyeglass company sells frames for $279. If the company wanted to offer the lower price of $239, what rate of markdown would it have to offer?
Luigis Restaurant offered a buy one get one half off sale for the midweek period. The one half off referred to the lesser-priced dinner. A customer ordered a steak dinner, with a regular price of...
Eight small Pacific islands with control of 5.5 million square miles of prime tuna fishing waters, have tripled the access fee for U.S. tuna fishers from $21 million to $63 million and increased...
What is the role of the budget committee?
How are standard costs used in the control process?
The sales budget for the BeeSee Company for the first six months of the year is: There are no debtors at the start of January. One month's credit is allowed to customers. What is the budgeted cash...
The cost of indirect materials in any month is $40 \%$ variable (varying with direct labour hours) and $60 \%$ fixed. The total cost of indirect materials during the month of March was budgeted...
Give three possible causes of a favourable direct labour rate variance.
What are the duties of directors and officers?
Planning: Creating an Audience Profile; Collaboration: Team Projects. Compare the Facebook pages of three companies in the same industry. Analyze the content on all available tabs. What can you...
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies...
There is some additional information, please read the information listed below: SnowCastles operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming...
Swenson's Meats is considering whether it should replace a meat grinder patty shaper machine. The new machine will produce 25% more hamburger patties than the old machine in the same amount of time....
On August 1, 2015, Lifters, a gym, sells 5 annual memberships for $1,500 each. What would the entry look like to record the receipt of cash as deferred revenue?
Lyme Incorporated issues 3,000 shares of no-par-value common stock for $20 per share. What is the correct journal entry for this transaction?
Unsubstantiated Expenses Your client, Randy Ross, owns a business that sells hinges, brackets, and fuses used in the manufacturing of machinery. Randy spends a large amount of time traveling to...

A seven-day Mexican cruise was advertised at a price of $1299 per person based on double occupancy.

Question:

Step by Step Answer:

Markdown 129900 93500 3...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions