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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- Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $110 for a comforter. Misu wants a 30% markup on selling price. What is the most that Misu can pay for a comforter? Misu's paymentRochelle goes online to buy a new video game. She finds a site that currently has a promotion of 15% off on all orders over $50. Rochelle decides to buy her video game, with a price tag of Sl28, at this site because she knows that she will get the 15% discount when she checks out. Rochelle pays 5.3% sales tax on the discounted price and pays a shipping fee of S4.75. What is the total of Rochelle's online purchase? a$114.57 b. S112.84 C.$119.32 d.$118.82Jocelyn 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?Javier has a worm business in which he buys night crawlers from younger kids for 4 cents each and sells them for $1.25 per dozen. What is the percent markup on cost, to the nearest tenth of a percent?
- 3. Julia buys a notebook with a cost of PhP45. The rate of mark-up based on cost is 25%. Find the selling price and the mark-up. Peter decides to impose a mark-up of PhP5 on each pen he sells to his classmates and friends. This represents a 20% mark-up based on the selling price. Find the cost and the selling price of the pens Peter sells. 5. A top costs Mang Mario PhP280 and he decides to mark it up by 30% of the selling price. Find the selling price and mark-up for the said top.Kim is a furniture retailer. She can buy a dining table for a list price of $1,600 with a 25% trade discount. What is Kim’s net price?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…
- Dekentra sells boxes of note cards imprinted with her sketches of bird life along the South Carolina coast. If it costs $625 to produce 75 box of cards and she wants to earn a profit of at least $2,000, what should she charge per box?Willie is a boat dealer. He pays $28,250 for a boat and uses a 30% markup on cost. At what price should Willie resell the boat?Nicolas has purchased a streaming audio service for $8.00 per month. As he listens to more songs in a month he spread this fixed cost over a larger number of songs, and therefore his cost per song decreases the more songs he listens to. One if his friends says to Nicolas: “The more music you listen to, the less you pay per song so you should spend all your time listening to music.” Please explain what is wrong with the friend’s statement.