5. Chris's Photographic Supplies sells a Minolta camera for $551.83. The markup is 72% of cost.a) How much does the store pay for this camera?b) What is the rate of markup based on selling price? 6. A salesperson had gross earnings of $943.25 for last week on gross sales of $8320.00. If returnsand allowances were 5.5% of gross sales, what is his rate of commission based on net sales?

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Answered: 5. Chris's Photographic Supplies sells…

5. Chris's Photographic Supplies sells a Minolta camera for $551.83. The markup is 72% of cost. a) How much does the store pay for this camera? b) What is the rate of markup based on selling price?

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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Home Depot sells a couch for $250.50. The dollar amount of markup on the couch is $95.72. Round all dollar values to two decimal places and percentages to two decimals (i. e 34.56%). a. What is the cost to Home Depot? [1 pt] b. What is the markup on selling percentage? 1pt
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?
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.) %
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
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
please help me solve both questions
A clothing merchant purchases a shipment of clothes for $37,000.00 with discounts of 11% and 5%. He sells it to a customer at a price which includes 21% profit on cost and overhead expenses of 23% on cost. a. How much did it cost him to purchase the container of clothes? $0.00 Round to the nearest cent b. What was the selling price of the container of clothes? 50.00 Round to the nearest cent c. Calculate the break-even selling price. 50.00 Round to the naarast cant
1. Sales slip for Ron Wilson. Electric drill for $49.50. Drill bits for $18.50. Sales tax rate of 5%. What is the total purchase price?
A wholesaler purchases widgets for $8 per unit from the manufacturer and sells it to retailers who then sell to consumers. The wholesaler marks up by 20% on the retailer purchase price, while the retailers mark up by 25% on the wholesaler selling price. Here, the retail selling price to the consumer is: O $12.00 O $12.80 All the other 4 answers are correct. $12.50 O $13.33
2 A storekeeper bought merchandise for $2940. If she sells the merchandise at 16% above cost, how much gross profit does she make? Her gross profit is $ (Type an integer or a decimal)
A dealer bought personal computers for $1850 less 32%, and 17%. They were sold for $1575. What was the markup as a percent of selling price?
1. Miracle Appliance is a wholesaler of kitchen appliances. You are the purchaser for a home store retailer. Miracle Appliance offers the KIT532 model refrigerator at a list price of $657. Miracle offers your company a trade discount of 25 percent. a. What is the amount of the discount for this refrigerator? b. What net price will you pay for this model refrigerator?

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