Great American Oilchange (GAO) sells a combined oil change service and parts package for $52. A...

 

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Great American Oilchange (GAO) sells a combined oil change service and parts package for $52. A customer who supplies the parts (oil and filter) is charged $42 for only the service, whereas a customer who buys only the oil and filter (for do-it-yourself use) is charged $42 for the parts. The parts cost GAO $36. CP6-4 (Algo) Part 1 Required: 1. Determine the dollar amount of revenue from the oil change service versus the sale of parts for each combined oil change package. TIP: To calculate the percentage of the combined package that relates to the service, divide the stand-alone selling price of the service by the combined stand-alone selling prices of both the service and parts. Great American Oilchange (GAO) sells a combined oil change service and parts package for $52. A customer who supplies the parts (oil and filter) is charged $42 for only the service, whereas a customer who buys only the oil and filter (for do-it-yourself use) is charged $42 for the parts. The parts cost GAO $36. CP6-4 (Algo) Part 1 Required: 1. Determine the dollar amount of revenue from the oil change service versus the sale of parts for each combined oil change package. TIP: To calculate the percentage of the combined package that relates to the service, divide the stand-alone selling price of the service by the combined stand-alone selling prices of both the service and parts.

Answer rating: 100% (QA)

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