An electric freplace cost a retaler $451.00 less 21%, 15%, 5% Markup in 55% of the egular seling price During the end-of season sale, the eectric raplac imartad deen 25%(a) What is the end-of-season sale price?(b) What rate of markup based on cost will be realized during the sale?(a) The end of season sale price of the electic freplace is(Round the final answer to the nearest cent as needed. Round all intermedate valuesn places an needed)(b) The rate of markup based on cost is(Round the nal answer to two decimal places as needed. Round al intermedate vaplaces as needed )

Given, Cost of retailer = $451 Markup % = 55% Markdown % = 25%

An electric freplace cost a retaler S451.00 less 21 15%, 5% Matupin 55% of the eglar seling price During the end of seanon sa heectic aplamaad down 2% (a) What is the end-of-season sale price? (b) What rate of markup besed on cost wil be realized during the sale? (a) The endof season sale price ol the electic freplace is Round the final anerto the nearest cent as needed Round all temedate valst deal placaeeded) (b) The rate of markup based on cost is (Round the nal aner to twe decimal places as needed. Round al imedate vals decimal places as needed)

An electric freplace cost a retaler S451.00 less 21 15%, 5% Matupin 55% of the eglar seling price During the end of seanon sa heectic aplamaad down 2% (a) What is the end-of-season sale price? (b) What rate of markup besed on cost wil be realized during the sale? (a) The endof season sale price ol the electic freplace is Round the final anerto the nearest cent as needed Round all temedate valst deal placaeeded) (b) The rate of markup based on cost is (Round the nal aner to twe decimal places as needed. Round al imedate vals decimal places as needed)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 11RE: Johnson Corporation had beginning inventory of 20,000 at cost and 35,000 at retail. During the year,...

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Question

An electric freplace cost a retaler $451.00 less 21%, 15%, 5% Markup in 55% of the egular seling price During the end-of season sale, the eectric raplac imartad deen 25%
(a) What is the end-of-season sale price?
(b) What rate of markup based on cost will be realized during the sale?
(a) The end of season sale price of the electic freplace is
(Round the final answer to the nearest cent as needed. Round all intermedate values
n places an needed)
(b) The rate of markup based on cost is
(Round the nal answer to two decimal places as needed. Round al intermedate va
places as needed )

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