Account Calculate:a. the final selling price to the nearest centb. markdown percent to the nearest hundredth percent.ItemTotal quantityboughtUnitTotalCostCostcostPercent markup on Total SellingPricePercent that willspoilSelling price perbrownieBrownies 20.79?60%?10%?

1. First, let's calculate the Total Cost:* Total quantity (20) × Unit cost ($0.79)* 20 × $0.79 =…

Answered: Calculate: a. the final selling price…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent $ Selling price 15.40 $ 52.00 Cost Dollar markup Percent markup on selling price %
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Calculate: a. the final selling price to the nearest cent b. markdown percent to the nearest hundredth percent. Item Total quantity bought Unit Total Cost Cost cost Percent markup on Total Selling Price Percent that will spoil Selling price per brownie Brownies 20 .79 ? 60% ? 10% ?