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A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag with a regular seling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40%. (a) (b) What was the sale price? What was the markup as a percent of cost?

A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag with a regular seling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40%. (a) (b) What was the sale price? What was the markup as a percent of cost?

Essentials Of Investments
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
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A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag witha regular seling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40%. (a) What was the markup as a percent of cost? What was the sale price? (b) (a) The sale price was $ (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. part remaining Check Answer 1 Clear All dtv MacBook Pro 44 &
Transcribed Image Text:A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag witha regular seling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40%. (a) What was the markup as a percent of cost? What was the sale price? (b) (a) The sale price was $ (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. part remaining Check Answer 1 Clear All dtv MacBook Pro 44 &
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