An phone costs a retailer $1,000 less 29%, 12.6%. The retailer’s overhead expenses are 20% of the cost and its profit is 55% of the cost. During a sale, the phone is marked down 35%. a) What is the cost of purchasing each phone? $ b) What was the regular selling price? $ c) What was the amount of markdown? $
An phone costs a retailer $1,000 less 29%, 12.6%. The retailer’s overhead expenses are 20% of the cost and its profit is 55% of the cost. During a sale, the phone is marked down 35%. a) What is the cost of purchasing each phone? $ b) What was the regular selling price? $ c) What was the amount of markdown? $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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An phone costs a retailer $1,000 less 29%, 12.6%. The retailer’s overhead expenses are 20% of the cost and its profit is 55% of the cost. During a sale, the phone is marked down 35%.
a) What is the cost of purchasing each phone? $
b) What was the regular selling price? $
c) What was the amount of markdown? $
d) What was the sale price? $
e) What was the profit or loss at the sale price?
$ Loss Profit Breakeven
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