A built-in Kitchenaid refrigerator costs Morrison's Appliance Centre $5000 Jess 30% and 15%. The normal rate of
Question:
A built-in Kitchenaid refrigerator costs Morrison's Appliance Centre $5000 Jess 30% and 15%. The normal rate of markup on cost is 90%. The refrigerator is marked down 30% in a sale. What is the sale price?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Given C N L1 1 50001 0301 015 297...View the full answer
Answered By
Sufiyan Ahmed Tariq
I am a Chartered Accountant and an Associate Public & Finance Accountant. I also hold a bachelors of Commerce degree. I have over 8 years of experience in accounting, finance and auditing. Through out my career, I have worked with many leading multinational organisation.
I have helped a number of students in studies by teaching them key concepts of subjects like accounting, finance, corporate law and auditing. I help students understanding the complex situation by providing them daily life examples.
I can help you in the following subject / areas:
a) Accounting;
b) Finance;
c) Commerce;
d) Auditing; and
e) Corporate Law.
4.90+
7+ Reviews
17+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
A bedroom suite costs Town & Country Furniture $5000 less 30% and 15%. The normal rate of markup on cost is 90%. The suite is marked down 30% in a Mid- Summer Sale. What is the sale price?
-
In February, Long Lake Nursery ordered lawn fertilizer at $18.60 less 33 1/3%, 12 %, and 32 5% per 20-kg bag. The fertilizer is normally priced to provide a 55% rate of markup on selling price....
-
What is the cost of an item that sells for $87.49 if: a. The rate of markup on cost is 30%? b. Therateofmarkuponsellingpriceis30%?
-
You are given the following information concerning four stocks: a) Using 20X0 as the base year, construct three aggregate measures of the market that simulate the Dow Jones Industrial Average, the...
-
Calculate the weight of an object of mass 50 kg at the bottom and top of a mountain with (a) g = 9.8 m/s2 and (b) g = 9.78 m/s2 respectively.
-
You are analyzing the leverage of two firms and you note the following (all values in millions of dollars): a. What is each companys accounts receivable days? b. What is each companys inventory...
-
The sun subtends an angle of about \(32 \mathrm{~min}\) of arc ( 0.0093 radians) on Earth. Assuming a mean wavelength of \(550 \mathrm{~nm}\), calculate the coherence diameter and coherence area of...
-
Nakhon Custom Shirt Company uses a special fabric in the production of dress shirts. During August, Nakhon Custom Shirt purchased and used 4,100 square yards in the production of 3,700 shirts at a...
-
15 m The parabolic cable shown carries a uniform horizontal load of w=471 kg/m. Calculate the reaction at A in kN W a B 50 m 7.5 m
-
You are thinking of opening a small copy shop. It costs $5000 to rent a copier for a year, and it costs $0.03 per copy to operate the copier. Other fixed costs of running the store will amount to...
-
An item that costs a retailer $58.50 is normally sold for $95. During a storewide sale, the item was marked down by 30%. a. What is the normal rate of markup based on cost? b. What was the reduced...
-
How much would be required on April 13 to settle a $5445 invoice dated March 23 with credit terms 3/10, 1(1/2)/20, n/60?
-
Betsy Homemaker makes and distributes a line of aprons for both commercial and residential use. The standard products consist of white full-length aprons used for restaurants and multipatterned bib...
-
The final set of questions will deal with the automobile exposures in the household, including information about all licensed drivers, vehicles, and their uses. parts should also contain an...
-
Dan Goodley says that disability is a political issue. This short clip is meant to introduce you to a few terms (marginalization, disablism, human diversity) that will provide some context or ways of...
-
Figure 25-1 OUTPUT PER WORKER CAPITAL PER WORKER Refer to Figure 25-1. The curve becomes flatter as the amount of capital per worker increases because of
-
The rise in US interest rates brought an increase in the government's external debt service obligations (debt service comprises interest, coupons, and principal). Identify where cross-border interest...
-
You and your friend (continuing your successful association that began in GMU) have opened a security valuation business. You need to determine the weighted average cost of capital and the value of a...
-
When a partnership is formed, one or more of the partners may contribute equipment as part of their initial investment. How is the amount of accumulated depreciation to be recorded on this equipment...
-
For a Poisson process of rate , the Bernoulli arrival approximation assumes that in any very small interval of length , there is either 0 arrivals with probability 1- or 1 arrival with probability ....
-
1. Answer Problem 6.88 for a binomial distribution with n = 50 and p = .6. 2. Answer Problem 6.89 for a binomial distribution with n = 50 and p = .6. 3. Answer Problem 6.90 for a binomial...
-
Provide a 95% CI for true mean SBP for this patient? Hypertension A patient who is taking antihypertensive medication is asked by her doctor to record her blood pressure at home to check that it is...
-
Answer the doctors question given the result in Problem 6.97? Hypertension A patient who is taking antihypertensive medication is asked by her doctor to record her blood pressure at home to check...
-
Give an example of one piece of financial information that may be used differently for two stakeholders (users) and explain how it would be used and presented differently?
-
Complete common -size statements (balance sheets) using the data below on page 246. You will be required to create a spreadsheet in MS Excel to display the statements (balance sheets).? In a 1 to 2...
-
A sail boat in the Great South Bay travels 2 miles east and then 4 miles south to get to Fire Island. What is its distance and displacement?
Study smarter with the SolutionInn App