A sports store purchased tennis racquets for $46.45 less 27% for purchasing more than 100 items, and a further 31% was reduced for purchasing the racquets in October. The racquets were sold to customers for $67.64 (a) What is the cost of each racquet? (b) What is the markup as a percent of cost? (c) What is the markup as a percent of selling price? (a) The cost of each racquet is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The markup as a percent of cost is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (c) The markup as a percent of selling price is%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
A sports store purchased tennis racquets for $46.45 less 27% for purchasing more than 100 items, and a further 31% was reduced for purchasing the racquets in October. The racquets were sold to customers for $67.64 (a) What is the cost of each racquet? (b) What is the markup as a percent of cost? (c) What is the markup as a percent of selling price? (a) The cost of each racquet is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The markup as a percent of cost is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (c) The markup as a percent of selling price is%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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
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Transcribed Image Text:A sports store purchased tennis racquets for $46.45 less 27% for purchasing more than 100 items, and a further 31% was reduced for purchasing the racquets in October. The racquets were sold to customers for $67.64.
(a) What is the cost of each racquet?
(b) What is the markup as a percent of cost?
(c) What is the markup as a percent of selling price?
(a) The cost of each racquet is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(b) The markup as a percent of cost is %.
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
(c) The markup as a percent of selling price is %.
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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