Echo Systems received an invoice of $8,050 dated August 5 with terms 3/15, n/20. Echo Systems paid $2,500 on August 13, and $1,000 on August 25. What balance is still owed after August 25? Click here for help computing the number of days between two dates. For full marks your answer(s) should be rounded to the nearest cent.

The rate of markup on cost on a product selling at $51.45 is 40%.

1. What was the cost of the product to the retailer? For full marks your answer(s) should be rounded to the nearest cent.

   Cost = $0.00

2. What is the rate of markup on selling price? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%.

   Rate of markup on selling price = 0.00%

A television stand had a markup on cost percentage of 50%. The cost of the stand was $200. During a clearance event, the price was reduced to $252. For full marks your answer(s) should be rounded to the nearest cent.

1. What was the regular selling price?

   Selling Price = $0.00

2. If overhead expenses are 6% of the selling price, what was the original operating profit?

   Profit = $0.00

3. What is the rate of markdown during the sale? Your answer should be accurate to two decimal places.

   Rate of Markdown = 0.00%

4. What is the amount of profit or loss at the sale price? Enter a loss as a negative value.

   Profit (Loss) = $0.00

A car dealership acquires a used vehicle for $10,100. Its expenses on used vehicles are 8% of cost and it prices the vehicle with a 35% markup on cost percentage. After two months, if the vehicle hasn't sold the dealership will mark it down by 9%. For full marks your answer(s) should be rounded to the nearest cent. Percentages should be accurate to at least two places.

1. What is the regular selling price?

   Selling Price = $0.00

2. What is the markup on selling price percentage?

   Markup on Selling Price Percentage = 0.00%

3. What is the sale price?

   Sale Price = $0.00

4. What is the amount of markdown?

   Amount of Markdown = $0.00

5. What is the break-even price?

   Break-even Price = $0.00