Michael Stevens works in a local electronics store where he sells tablets for $249.50 each. If he maintains a markup of 40% on the selling price, what is the cost of a tablet to Michael?
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- Walter is a used car dealer. He has the chance to buy a used car that he thinks he can resell for $6,400. If Walter needs a 30% markup on selling price, what price can he pay? View keyboard shortcutsJulia Parker works in a local bookstore where she sells books for $195.60 each. If she maintains a markup of 35.7% on the selling price, what is the cost of a book to Julia? (Accounting Problem)Please answer this
- Please explain the solution to this general accounting problem with accurate explanations.Anna sells a certain pair of earrings at her store for $45.20 per pair. Her overhead expenses are $5.00 per pair and she makes 40.00% operating profit on selling price., Round to the nearest cent a. What is her amount of markup per pair of earrings? b. How much does it cost her to purchase each pair of earrings? Company A and Company B sell the same model camera for $110 and $135, respectively. During a sale, Company A offers a discount of 10% on the camera. What should Company B's rate of markdown be on the camera to match Company A's sale price?Jocelyn has an internet business selling paint sets. After an initial website fee each week, she makes profit of $0.75 on each set she sells. If she sells 8 sets and she makes $2.25; what's the equation representing her weekly possible earnings?
- Garrick is purchasing equipment for his job as a builder. The equipment costs $1000 and he wants to make monthly payments of $125. He has two different credit cards that he can use to finance the purchase. • Card A charges 9.9%, compounded daily, but it also charges a fee of $65 for all purchases over $1000 that is immediately added to the balance. • Card B charges 13.3%, compounded daily. What is the total cost of both options? Enter the total cost of the cheaper option here: Answer:Freddy runs a business selling clocks. He buys 457 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold?Julia Parker works in a local bookstore where she sells books for $195.60 each. If she maintains a markup of 35.7% on the selling price, what is the cost of a book to Julia? (Accounting Problem) Correct Answer
- Can you help me solve this general accounting problem with the correct methodology?Please solve C, D, and E.Sadie May has decided to start a business where she will sell a single line of high heel shoes. Sadie will sell each pair of heels for $60 and will purchase the shoes from a supplier for $30 per pair. The supplier has offered Sadie two shipping options: either (1) Sadie can pay $5 per pair of heels ordered or (2) Sadie can pay a flat shipping cost of $500 per month regardless of the number of pairs ordered. All of Sadie’s sales will be made online. The cost to maintain and manage her website will be $750 per month. In addition, Sadie will rent a small space to store inventory for $250 per month. Sadie does not expect any additional costs in her operations as long as she does not sell more than 150 pairs of heels per month. Which of the following statements is incorrect? A. Shipping option 2 is a riskier cost structure for Sadie. B. At a monthly sales volume of 100 pairs of shoes, Sadie will be indifferent between the two shipping options. C. If…