A wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? %

Q: A carpet store sells designer rugs at retail for $845.61. If a 50% markup based on cost is added,…

A: The retail price includes the cost price and the markup value. The cost of goods manufactured is the…

Q: The Knockey Corporation sells hockey sticks at a wholesale price of $103. If a store marks this up…

A: In the given case, we have provided the wholesale price, mark up rate . And, to calculate the retail…

Q: Patel Supply is considering a contract to sell merchandise to a hair salon chain for $29,000. This…

A: The objective of this question is to calculate the increase or decrease in Patel Supply's gross…

Q: A wholesaler sells a guitar for $1,212.70. What is the percent markup based on cost if the…

A: The excess amount of selling price over the cost price of the goods and services is term as the…

Q: An office supply store adds a $2.50 markup to calculators and sells them for $6.95. (a) What is the…

A: In this question we need to compute the cost of the calculators and percent markup based on cost.

Q: A truck is listed for $29,300. After negotiations, the dealer has agreed to reduce the selling price…

A: Given: Listed price = $29,300 Discount = 9%

Q: A recliner chair that sells for $1,469 is marked up 45% of the selling price. a. What is the markup?…

A: Markup refers to the profit a seller wants on the sale of the product. It is added to the cost of…

Q: A company purchased 50 units of merchandise for $100 each. After selling 30 units for $125 each, the…

A: Cost of goods sold is the cost of making or purchasing the units sold. The price at which the units…

Q: A home costs $148,500 to build and is sold for $168,000.  What is the percent markup on selling…

A: Markup percent = [Selling price- cost to built)/cost to built] *100.

Q: A home decorating store carries handmade floor tile with a markup of 3131​% on the selling price. If…

A: The objective of the question is to find the selling price, the cost, and the cost as a percent of…

Q: A purchaser just paid $32,152.94 for a pickup truck. If 47% was the seller's markup, based on the…

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

Q: A purchaser paid $342.50 for a TV that cost the seller $250. If the seller's markup was 37% of the…

A: Markup means the profit percentage on cost price of selling price. Formula for markup on selling…

Q: 2. An automobile GPS system is sold to stores at a wholesale price of $97. A popular store sells…

A: The wholesale price and the retail price are linked through mark up and mark up percentages. In all…

Q: 7. for the following please figure out the percentage or money amount: a.The percent markup on a…

A: As per our guidelines we are supposed to answer only one question (if there are multiple questions…

Q: what would be the percent markup based on the selling price?

A: Markup in amount ($) = Selling Price - Cost  Markup % based on cost = [ (Markup (in amount) / Cost ]…

Q: An air compressor costs ​$385 and sells for ​$690 Find the rate of markup based on the selling…

A: Markup percentage on selling price is calculated by dividing the markup amount by selling price. The…

Q: A specialty shop procures several antique clocks for $5,000 apiece and offers them to customers for…

A: Markup is the amount of profit added to the product in order to calculate selling price per unit.

Q: product is sold for $48, what is the outcome?

A: 30% markup on cost means 130% of cost. The selling price must be 130% of cost to cover operating…

Q: A household appliance dealer buys refrigerators from a manufacturer and resells them to its…

A: Introduction: Cash discount: When the purchaser paid the due amount with in due period then eligible…

Q: Home Depot sells a couch for $250.50. The dollar amount of markup on the couch is $95.72. Round all…

A: Markup percentage is a measure of how much a product's selling price exceeds its cost of production…

Q: An automobile ski rack is sold to stores at a wholesale price of $38. If a store has a $23 markup,…

A: The price which manufacturers charges to the retailers is the wholesale price. Retail price is the…

Q: Dean bought goods on credit from Easy Traders for 3600. A mark up of 20% on cost applied to these…

A: In order to earn Profit, goods are sold on Cost plus Markup.

Q: Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your…

A: Markup Price - Markup price is the difference between the Cost of the product and the selling price…

Q: Sheridan Service sells oil at a markup of 42% of the selling price. Sheridan paid $0.91 per litre of…

A: Markup is the amount added to the cost price of goods to cover overheads and profit. Markup based on…

Q: The selling price for a fishing boat is $9,632.39. What percent of the sale price is the markup if…

A: Difference between selling price and cost price = $9,632.39 - $6600 = $3032.39

Q: 1. A product is listed for wholesale at $100. It's sold to a supplier with a 20% mark-up, and then…

A: Mark up refers to increase in the prices of goods to enable the recovery of cost and also earn…

Q: Bell, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The…

A: sale value of Group no. 1 = 100 x $5 = $500 sale value of Group no. 2 = 800 x $10 = $8,000 sale…

Q: What is the total cost of an item that is priced $12.50 and is subject to 6% sales tax? Submit

A: Sales tax is a form of indirect tax or sales tax being imposed on goods and services. This…

Q: A sofa regular sells for $890. The sale price is $667.50. Find the percentage decrease of the sale…

A: The percentage decrease is calculated as change in sale price divided by the original selling price

Q: The Georgia Company sells inventory but also allows returns. Georgia sells items for $100 per item.…

A: The transaction, which is measurable in monetary terms, is an economic event with a third party…

Q: Murray's Music sells a guitar for $349.85 while using markup of 21% on cost. Find the cost. a

A: The excess amount of selling price over the cost price of the goods and services is term as the…

Q: The Garden Shoppe buys hedge trimmers from a wholesaler and sells them to customers at a retail…

A: Cost of one hedge = Retail price to customer / ( 1 + Mark up rate )

Q: Jump & Play Inc. sold 10 outdoor playsets to BigMart Co.  The playsets are listed at $1,500 each;…

A: Receivable will be recorded at the listed price less trade discount.

Q: Assume a jeweler paid $1,000 for a watch and sold it for $4,000. What would be his markup based on…

A: Markup percentage will be higher on cost and lower on selling price

Q: A home decorating store carries handmade floor tile with a markup of 31​% on the selling price. If…

A: Mark up (%) = 31the markup is 31 % on sales ( so the sales is 100)Mark up       =$1.58Then the…

Q: e rate of markup on cost on a product selling at $64.50 is 45%. What is the cost of the product…

A: Selling price=$64.5Rate of mark up on cost=45%Required is to find cost of product.

Q: A wholesaler sells a guitar for $1,380.60. What is the percent markup based on cost if the…

A: Markup = Sell price - buy price Markup = $1380.60 -$780 Markup =$600.60