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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/

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/

FINANCIAL ACCOUNTING
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 units for $860 each. The operating profit is 25% on cost and markup is 60% on cost. a. Calculate the cost per cooling unit. Round to the nearest cent b. Calculate the rate of markdown offered during a sale if it made a profit of $51.40 per machine. % Round to two decimal places c. What should be the rate of markdown offered to sell the machines at the cost price? % Round to two decimal places
Transcribed Image Text:A distributor sells water cooling units for $860 each. The operating profit is 25% on cost and markup is 60% on cost. a. Calculate the cost per cooling unit. Round to the nearest cent b. Calculate the rate of markdown offered during a sale if it made a profit of $51.40 per machine. % Round to two decimal places c. What should be the rate of markdown offered to sell the machines at the cost price? % Round to two decimal places
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