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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Question

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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