Ace of Diamonds purchased 72 diamond bracelets at $240 each and the regular selling price was $330.

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

Question:

Ace of Diamonds purchased 72 diamond bracelets at $240 each and the regular selling price was $330. The store sold 50.00% of them at the regular selling price. During a sale, it sold another 25 of them at a markdown of 20.00%. The remaining units were sold at an additional markdown of 11.00%. Determine the net rate of markup based on total cost.

Posted Date: Oct 08, 2021 03:47 PM

See More Questions

Sage Hill Airline needs to send out one of its employees to Nunavut for three weeks to perform some repairs on some aircraft it owns. Some of the payments to be made for the supplies needed on the...
Selling price = $ 148.27; rate of markup based on cost = 40%. a. Find the cost. b. Find the markup.
Markup = $70; rate of markup based on cost = 83%. a. Find the cost. b. Find the selling price.
A simple beam AB of span length L = 24ft is subjected to two wheel loads acting at distance = 5 ft apart (see figure). Each wheel transmits a load P = 3.0 k, and the carriage may occupy any position...
Trademark Registration (a) Can you register the name "Fast Food" as a trademark? Explain. (b) Under what conditions can you not register a mark?
Jimmy, a 10-year-old boy, wants to sell lemonade on a hot summer day. He hopes to make enough money to buy a new iPod. Sam, his elder brother, tries to help him compute his prospect of doing so. The...
Interpret the following information regarding Westlake Corporations cash flows. Net income Depreciation expense Profits before depreciation $680 125 805 Increase in accounts receivables (200)...
American International Automotive Industries (AIAI) manufactures engine, transmission, and chassis parts for manufacturers and repair companies in the United States, South America, Canada, Mexico,...
Assume a hypothetical age that has not been assumed by other students. Assume you would like to invest in a zero-coupon bond in order to have $1000,000 in your retirement account when you get to the...
M&S Inc. uses standard costing. The actual cost of direct labor per hour is $6.25 and the standard cost of direct labor per hour is $6.00. Two budgeted direct labor hours are allowed per finished...
(a) A laser pulse with a duration of 4 fs has 1 mJ of energy and a nominal center wavelength of 800 nm. How many photons are in this pulse? (b) For the femtosecond pulsed laser above, what is its...
What is the penalty for early withdrawals from a SIMPLE plan?
What tax benefits are embodied in specific legacies and bequests?
What is substantially appreciated inventory?
What is included in Section 1231 property?
When does a business purpose exist for selecting a non-calendar tax year for an S corporation?
Question 3 A firm makes a cabinet. The selling price is RM500 per cabinet. The variable costs per cabinet are RM150. The fixed cost for the period is RM42,000. (a) Find the cost C(x), revenue R(x)...
In Exercises 1558, find each product. (9 - 5x) 2
Financial items for George Karatsis IT Services on 31 May 2024 are presented below in alphabetical order. Required (a) Prepare a statement of financial position similar to the one in figure 2.2. (b)...
Rebecca Tallance operates a rent a dress business from her home. She keeps her accounting records for business activities completely separate from her records for personal activities. At 30 June...
During the year ended 30 June 2024, Skilled Services, a provider of temporary secretary personnel, had collected receipts from clients for a total value of $$250000.$ Wages of $$136000$ had been...

Ace of Diamonds purchased 72 diamond bracelets at $240 each and the regular selling price was $330.

Question:

Expert Answer:

Here there are 72 diamond bracelets at 240 each Regula... View the full answer

Students also viewed these mathematics questions