Question: An item has a 30% markup based on selling price. The markup is $100. a. Find the selling price. b. Find the cost.

An item has a 30% markup based on selling price. The markup is $100.
a. Find the selling price.
b. Find the cost.

Step by Step Solution

★★★★★

3.35 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a S M M 100 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

724-B-F-F-M (2676).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!

Q:

The Cookery buys sets of cookware for $45 and marks them up at 33 1/3% of cost. (a) What is the selling price of the cookware sets? (b) What is the rate of markup based on selling price?

Q:

Four-packs of energy drinks are purchased for $3.24. The stores markup based on selling price is 16 2/3%. (a) What is the cost of the four-packs? (b) What is the rate of markup based on cost?

Q:

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?

Q:

The installment price of a food processor is $379.48 with 18 monthly payments and a down payment of $40. Find the monthly payment. a 339.48 b $0.52 c 39.48 d 18.86 A mountain bike has a cash price of...

Q:

If we have an estimated units sold of 1,000 thermostat, How to explain the price changes from $179.99. To $190 to $200 in the pricing of Google Nest Thermostat based on this table: Price changes from...

Q:

If we have an estimated units sold of 1,000 thermostat, How to explain the price changes from $179.99. To $190 to $200 in the pricing of Google Nest Thermostat based on this table: Price changes from...

Q:

1. An item has a 21% markup based on selling price. The markup is $200. a. Find the selling price. b. Find the cost. Round to the nearest cent. a. The selling price is $??? (Round to the nearest cent...

Q:

University of Phoenix Material Comparison Shopping Background Choose a product or service that you would like to purchase for your office or yourself: Search the internet to find three providers who...

Q:

12. help please An item has a \\( 34 \\% \\) markup based on selling price. The markup is \\( \\$ 100 \\). a. Find the selling price. b. Find the cost. Round to the nearest cent a. The selling price...

Q:

an item has a 2 8 % markup based on selling price. The markup is $ 1 0 0 . find the selling price. find the cost

Q:

A gas refrigeration system using air as the working fluid has a pressure ratio of 4. Air enters the compressor at -7C. The high-pressure air is cooled to 27C by rejecting heat to the surroundings. It...

Q:

Refer to Exercise 10.30. Now assume that the shredding times for both paper shredders are normally distributed with unequal and unknown standard deviations. a. Construct a 99% confidence interval for...

Q:

you own a class a office building located in the financial district of san franicsco, CA . The building is operating at 6 0 % vacancy. You are not able to pay debt service and your bank is pressuring...

Q:

a Define the term product life cycle. [2] b Briefly explain the term skimming price strategy. [3]

Q:

Determine the periodic interest rate for a nominal interest rate of 4.8% compounded: a. Semiannually. b. Quarterly. c. Monthly.

Q:

What is the periodic rate of interest corresponding to: a. 5.4% compounded quarterly? b. 5.4% compounded monthly?

Q:

Explain the difference between compounding period and compounding frequency.

Q:

For the linear relationships below: assign a correlation coefficient (r) to each: Scatterplot 1 Scatterplot 2 Scatterplot 3 120 170 150 100 100 - 16S BO GO -O 160 Jack O 150 160 170 180 50 54 150 160...

Q:

Pid Company hss debt with a yeld to maturty of 7.3%, a cost of equily of 14.6%, and a cost of preferred stock of 9.5%. The market values of its debt, preferred stock, and equity are $12.2 milion,...

Q:

13. The means were different at T(26)=3.89,p=.03 Choose the correct answer below a.the dfis 26, and I cannot reject the null at alpha of .05 b.the dfis 27, and I cannot reject the null at alpha of...