Please answer 1-4 with Solutions please. Thanks. answers on the space provided.1. A mathematics book cost the store manager P16land he marked it up another P89. What was the selling price ofthe book?2 AUS electronic pays P37, 200 for a digital camcorder. If the markup is 19% on the cost, find the selling price.3. RFS Sporn Inc. sells home-gymnasium package for P175, 000 and maintain a markup of 37% on selling price.4. The grocer purchases a pallon of mineral water for P49.50 und sells it for P56.75. What is his gross margin?.The washing machine had selling price of P4, 792 It had been marked up P1. 248. What was its cost?

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Answered: 1. A mathematics book cost the store…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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PA3. 9.1 Prepare journal entries for the following transactions from Forest Furniture. 3 Sold 2 couches with a sales price of $2,450 per couch to customer Norman Guzman. Norman Guzman paid with his Draw Plus credit card. The Draw Plus credit card charges Forest Furniture a 3.5% usage fee based on the total sale per transaction. The cost for this sale is $1,700 per couch. 6 Sold 4 end chairs for a total sales price of $1,250 to April Orozco. April paid in full with cash. The cost of the sale is $800. 9 Sold 18 can lights with a sales price of $50 per light to customer James Montgomery. James Montgomery paid using his Fund Max credit card. Fund Max charges Forest Furniture a 2.4% usage fee based on the total sale per transaction. The cost for this sale is $29 per light. 12 Draw Plus made a cash payment in full to Forest Furniture for the transaction from Oct 3, less any usage fees. 15 Fund Max made a cash payment of 25% of the total due to Forest Furniture for the transaction from…
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Direction : Read and analyze the given situation below and write the answers for each question on your answer sheet. Don’t forget your solution. • The Excelsior Merchandising purchased merchandise costing P250,000.00 for the month of October. It paid P10,000 for freight (transportation) for the shipment of the goods from the seller to its store. It insured the merchandise for P25,000. It sold the merchandise for P420,000. For the current month, it incurred the following expenses: Delivery Expense P15,000 Salary Expense P30,000 Miscellaneous Expense P25,000 Utilities Expense P10,000 The firm earned interest on the promissory notes of its customer amounting to P12,000. It paid interest to the bank on a loan it took amounting to P8,000 1. Compute for the following: a. Cost of sales b. Gross profit c. Operating Expenses d. Operating Profit/Loss e. Other Income f. Other Expense g. Net Profit/Loss
a. For how much does Nicolas Appliance Center sell an electric fan? 2. Nicolas Appliance Center has purchased electric fans for Php 800 eac The electric fans are marked up 48% of the selling price. b. What is the rate of markup based on cost?
2. An automobile GPS system is sold to stores at a wholesale price of $97. A popular store sells them for $179.99. What is the store's markup? 3. A CD storage rack is sold to stores at a wholesale price of $18. a. If a store has a $13 markup, what is the retail price of the CD rack? b. Find the percent increase of the markup to the nearest percent. 4. A bicycle sells for a retail price of b dollars from an online store. The wholesale price of the bicycle is w. a. Express the markup algebraically. b. Express the percent increase of the markup algebraically. pobiji bai
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D. Markup and Markdown1. A car accessory is sold for Php 420 .90. The store’s marked-up based oncost is 43.28%. What is the cost of the accessory? What is the rate ofmarkup?2. A strawberry juice was offered for sale at Php 25.50 at E-mart. At Lottemart, the selling price of a similar juice drink was Php 30.50. What rate ofmarkdown would Lotte mart offer to sell the drink at the same price asE-mart?E. Profit From Loss1. Ryeowook buys an old scooter for Php 14 700 and spends Php 1 800 onits repairs. If he sells the scooter for Php 15 800, what is his gain or loss?2. A dealer losses Php 5 000 when he sells meat at a loss of 10%. Howmuch is the selling price of the meat?F. Breakeven1.A barbecue stall sells barbecue at Php 10 per piece. The fixed cost is Php5 000 and the variable cost is Php 5 per piece. At what level of productionwill it generate a profit of Php 1 000?2. An electric company that produces calculators has an annual fixed costof Php 450 000. The variable cost of producing a…
Q1. Murray furniture store sells couches as a retailer. The wholesale cost to them of their most popular model of couch varies depending on how many they purchase for sale. For the first 200 couches the cost is $299 each; for the next 200 couches it drops to $250 each; and for every couch after that it costs $225. Create an excel function using the IF function to show the gross profit under the following scenarios: a. b. It sells at a price of $650 and 350 units are purchased for sale and sold It sells at a price of $625 and 300 units are purchased for sale and sold It sells at a price are $700 and 1,000 units are purchased for sale and sold C.
An office supply store adds a $2.50 markup to calculators and sells them for $6.95. (a) What is the cost (in $) of the calculators? $ (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.) %
How do I complete the table on question 2.2 ?
Help please and can give correct answer
A wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? % Need Help? Read It Watch It Master It

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