Metro Electronics buys smartphones for $600 and sells them for $800. Calculate the gross profit margin on these smartphones. a) 35% b) 25% c) $200 d) 30%
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- RIO is a retailer of smart televisions. Typically, the company purchases atelevision for $1,200 and sells it for $1,500. What is the gross profit margin on this television?Pixel Vision Ltd. is a retailer of premium drones. Typically, the company purchases a drone for $750 and sells it for $1,250. What is the gross profit on this drone? a) $1,250 b) $500 c) $550 d) $750What is the gross profit margin % ? Accounting
- Option? ?Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay 29.95 for each 3 Pack and sell them for 59.95. What is hyour Cost of Goods Sold Perrcentage for htis item? Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. Your cost on each 3 pack is 29.95 and you sell them for 59.95. If your operating expenses for the year total 144,080, what are your net income and net profit margin percentage?General Accounting solve please
- Tech.doo purchases headphones for $16 but adds an additional 350% of that amount to the price tag. How much do customers pay?A. Solve the following problems (round off 2 decimal places): 1. A 32" LCD Television with a cost of P24,900 has a markup rate of 25%. Find the selling price. 2. A manufacturer sells his notebooks for P41.75 and his cost in producing each notebook is P35.25. What is the markup? 3. A certain product sold for P29,900 has a 14% markup on cost. How much is the cost of the product? 4. The manager of a clothing store buys a jacket for $850 and sells the jacket for $1.207. Find the markup rate based on cost and based on selling price. 5. If the percentage of cost markup is 25.4%, what would the percentage of selling price markup be?Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay $29.95 for each 3 pack and sell them for $59.95. What is your Cost of Goods Sold Percentage for this item?