Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of
Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8-19. | Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of each gown? Round to the nearest cent. | ||||
8-20. | Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him L280 to make. He knows he wants 85% markup on cost. What price should Brian May ask for the guitar? | ||||
8-21. | You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 40% markup on cost and know most people will not pay more than $20 for it, what is the most you can pay for the pitcher? Round to the nearest cent. |
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