A company bought 3,100 items at $35 less 24% and 17%. It added a markup of 54% on selling price. It was able to sell 68% of them at full price before marking down the rest by 30%. At the end of the sale it still had 38 items left and it marked them down to $29.50 each, at which price all 38 sold. a. What is the cost per item? Round to the nearest cent b. What is the total cost? Round to the nearest cent c. What is the regular selling price? Round to the nearest cent d. What is the selling price after the first markdown? Round to the nearest cent e. Determine the total sales. Round to the nearest cent f. What is the average percent markup based on selling price? %
A company bought 3,100 items at $35 less 24% and 17%. It added a markup of 54% on selling price. It was able to sell 68% of them at full price before marking down the rest by 30%. At the end of the sale it still had 38 items left and it marked them down to $29.50 each, at which price all 38 sold. a. What is the cost per item? Round to the nearest cent b. What is the total cost? Round to the nearest cent c. What is the regular selling price? Round to the nearest cent d. What is the selling price after the first markdown? Round to the nearest cent e. Determine the total sales. Round to the nearest cent f. What is the average percent markup based on selling price? %
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A company bought 3,100 items at $35 less 24% and 17%. It added a markup of 54% on selling price. It was able to sell 68% of them at full price before marking down the rest by 30%. At the end of the sale it still had 38 items left and it marked them down to $29.50 each, at which price all 38 sold.
a. What is the cost per item?
Round to the nearest cent
b. What is the total cost?
Round to the nearest cent
c. What is the regular selling price?
Round to the nearest cent
d. What is the selling price after the first markdown?
Round to the nearest cent
e. Determine the total sales.
Round to the nearest cent
f. What is the average percent markup based on selling price?
%
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