A distributor sells water cooling unitsfor $860 each. The operating profit is25% on cost and markup is 60% oncost. a. Calculate the cost per coolingunit. Round to the nearest cent b.Calculate the rate of markdownoffered during a sale if it made a profitof $51.40 per machine. % Round totwo decimal places c. What should bethe rate of markdown offered to sellthe machines at the cost price? %Round to two decimal places

Revenue - The total amount of revenue a business really makes from the sale of goods or services…

Answered: A distributor sells water cooling ur…

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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A distributor sells water cooling ur for $860 each. The operating prof 25% on cost and markup is 60% c cost. a. Calculate the cost per coo unit. Round to the nearest cent b. Calculate the rate of markdown offered during a sale if it made a SCA 0/