A bicycle store purchased 5 bicycles for a total cost of $4,500 (5 × $900 each). The store sold each bicycle for $1,200. What was the markup percentage? a) 28% b) 30% c) 32% d) 33% e) 35%
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- A sports store purchased tennis racquets for $79.16 less 37% for purchasing more than 100 items, and a further 39% was reduced for purchasing the racquets in October. The racquets were sold to customers for $68.71. (a) What is the cost of each racquet? (b) What is the markup as a percent of cost? (c) What is the markup as a percent of selling price? (a) The cost of each racquet is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)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.) %Please help with accounting
- 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?A sports store purchased tennis racquets for $46.45 less 27% for purchasing more than 100 items, and a further 31% was reduced for purchasing the racquets in October. The racquets were sold to customers for $67.64. (a) What is the cost of each racquet? (b) What is the markup as a percent of cost? (c) What is the markup as a percent of selling price? (a) The cost of each racquet is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The markup as a percent of cost is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (c) The markup as a percent of selling price is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)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…
- Get correct answer general accounting questionssence of Skunk Fragrances, Ltd., sells 6,900 units of its perfume collection each year at a price per unit of $399. All sales are on credit with terms of 2/30, net 50. The discount is taken by 50 percent of the customers. a.What is the amount of the company’s accounts receivable? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)b.In reaction to sales by its main competitor, Sewage Spray, Essence of Skunk is considering a change in its credit policy to terms of 4/30, net 50 to preserve its market share. Will this change in policy increase or decrease accounts receivable?Neal's Photographic Supplied sells a Pentax camera for 440.98. The markup is 86% of cost. How much does the store pay for this camera? What is the markup based on selling price? (A percentage correct to 2 decimal places.)
- 2The Bookstall Inc. is a specialty bookstore concentrating on used books sold via the Internet. Paperbacks are $1.55 each, and hardcover books are $4.35. Of the 80 books sold last Tuesday morning, 70 were paperback and the rest were hardcover. What was the weighted mean price of a book?Please provide this question solution general accounting