A purchaser just paid $32,152.94 for a pickup truck. If 47% was the seller's markup, based on the selling price, then what was the cost of the pickup truck? (Round to the nearest whole dollar.)O $15,100O $15,112O $17,000O $17,041

Here,Purchase Price = pp = $32,152.94Markup Rate =mr = 47%

Answered: A purchaser just paid $32,152.94 for a…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

A company sells a pizza for an average price of $20. They estimate that the cost of the material and labor to make one is $4. What is the gross profit margin for one pizza? 0.2 5 0.8 None are correct
A company makes pens. They sell each pen for $77.Their revenue is represented by R = 7 x.The cost to make the pens is $33 each with a one time start up cost of $45004500.Their cost is represented by C = 3 x + 4500.a) Find the profit, P, (P = R - C) when the company sells 1000 pens. 7000 -7000 11500 -500 -1500 b) Find the number of pens they need to sell to break even (when R = C). 1125 643 4500 150
A manufacturer produced a good with a value of 300, the retailer added 140 to the value of the good. Assuming the value added tax rate is 10% the final price to the consumer would be а. 470 b. 484 с. 517 d. 454
The regular price of a TV is $1,147 but it is marked down by 32%. What is the sale price? (round your answer to the nearest cent)
1. A company makes snowboards that retail at $1250. The company offers chained discounts of 30% and 5% to its retailers. a. Calculate the price a retailer would pay for the snowboards. b. What single discount (single equivalent discount) is equivalent to these two discounts. C. What is the percent markup of the retailers. d. Due to a slowdown in sales the manufacturer would like to increase the total discount given to its retailers to 40%. What additional chained discount must they offer?
None
An investor purchases 1,000 XYZ at $60. After XYZ increases to $80, the investor would like to protect the profit on this investment. Which of the following orders would be most suitable? Sell stop at $79.75 Sell stop at $80.25 Sell limit at $75 Sell limit at $85.
You can buy a carton of three 32-ounce bottles of shower cleaner on sale for $5.00. The 64-ounce "refill" size, at the regular price, is $3.97. Which is the better buy and what is unit price?
Toby's Tiny Toys have an expense equation of E 12.45q +53,900. Toby's sell its toys for $16.50 each, and its revenue equation is R 16.5g. How many tiny toys does it have to sell to reach its breakeven point? 186 3267 13,309 218,295
1 A clothing store buys sweaters for $48.00 less 47% for buying over 50 pairs, and less a further 11% for buying last season's style. The sweaters are then marked up to cover overhead expenses of 1 40% of cost and a profit of 29-% of cost. 4 (a) What is the regular selling price of the sweaters? (b) What is the maximum amount of markdown to break even? (c) What is the rate of markdown if the sweaters are sold at the break-even price? (a) The selling price is $38.20 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.). (b) The amount of the markdown to break even is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
If a mountain bike originally cost the retailer $249.95, how much will a customer have to pay for it, if it is marked up by $95.50?
9. Miguel purchased a $51,000 RV for the family. The dealer told Miguel that there is a 30 percent markup on selling price for this type of vehicle. a. What was the amount of the dealer’s markup? b. What was the dealer’s original cost?

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

A purchaser just paid $32,152.94 for a pickup truck. If 47% was the seller's markup, based on the selling price, then what was the cost of the pickup truck? (Round to the nearest whole dollar.) O $15,100 O $15,112 O $17,000 O $17,041