1-Three people purchased a building for $648,000. They contributed to the cost at a ratio of 1 : 2 : 3. To renovate the building they decided to split the $324,000 cost equally. Calculate the new investment ratio after the additional investment is made for the renovations.

2-A distributor buys a stretch hummer limo for $120,000 less 4% and 2.5% trade discounts. They sell the machine with a 40% profit on selling price and expenses of 20% of selling price. Find the breakeven selling price. 3-Chastity has a 20% rate of markup on cost on the magazines she sells in her store. What is the rate of markup on selling price of the magazines?

4-The selling price of an item that costs $400 is priced to include operating expenses of 20% of cost and an operating profit of 30% of cost. The selling price is then marked down 15%. What is the profit or loss at the sale price? 18-Chuck went to Hollywood and purchased a jacket for $875US including tax. He exchanged that day when the rate was 1US$ = 1.3342C$. At the border he was to pay duty of 11% and taxes of 13% and the exchange rate at the border was 1US$ = 1.3552C$. 

Find how much the jacket cost him in Canadian dollars in total?

Answer rating: 100% (QA)

Here are the solutions to the questions 1 Original investment ratio 1 2 3 Total cost 648000 Ratios 1... View the full answer