A businesa man made an article and sold it to a wholesaler at a profit of 20%. The wholesaler again sold the article at a profit. The retailer lastly sold it to customer at a profit A). If the cost of business $500 to make the article, Find how much the customer paid for it. B). A customer paid for another article. Determine how much the wholesaler had paid for it. C). During a clearance sale the retailer reduced his prices by 10%. Find the percentage profit the retailer made on an article which had cost the business man $ 2000 to make. Thank. You

A businesa man made an article and sold it to a wholesaler at a profit of 20%. The wholesaler again sold the article at a profit. The retailer lastly sold it to customer at a profit A). If the cost of business $500 to make the article, Find how much the customer paid for it. B). A customer paid for another article. Determine how much the wholesaler had paid for it. C). During a clearance sale the retailer reduced his prices by 10%. Find the percentage profit the retailer made on an article which had cost the business man $ 2000 to make. Thank. You

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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