Step by step answer Armatha Jewelers wants to set the markup on a new sapphirebracelet at 32% based on the selling price. If the company paid$6,460.00 for one, then how much should it be sold for toachieve the desired markup?a. $8,000.00b. $4,392.80c. $9,500.00d. $9,500.00

Computation (Step by Step)Given: (Cost Price (C) = $6,460.00Markup Percentage = 32% (based on the…

Answered: Armatha Jewelers wants to set the…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

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The markup on a new diamond ring should be 28% based on the selling price. If the seller paid $7,325.00 for one, then how much should it be sold for to achieve the desired markup? a. $6,033.33 b. $4,550.00 c. $10,173.61 d. $5,000.00 General Accounting
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Armatha Jewelers wants to set the markup on a new sapphire bracelet at 32% based on the selling price. If the company paid $6,460.00 for one, then how much should it be sold for to achieve the desired markup? a. $8,000.00 b. $4,392.80 c. $9,500.00 d. $9,500.00