A sports store purchased tennis racquets for $79.16 less 37% for purchasing more than 100 items, and a further 39% was reduced for purchasing the racquets in October. The racquets were sold to customers for $68.71. (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.).

A sports store purchased tennis racquets for $79.16 less 37% for purchasing more than 100 items, and a further 39% was reduced for purchasing the racquets in October. The racquets were sold to customers for $68.71. (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.).

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Description: A sports store purchased tennis racquets for $79.16 less 37% for purchasing more than 100 items, and a further 39% was reduced for purchasing the racquets in October. The racquets were sold tocustomers for $68.71.(a) What is the cost of each racquet

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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