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?
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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?
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- What is the cost of goods sold on the sale?A small company manufactures a certain item and sells it online. The company has a business model where the cost, C in dollars, to make x items is given by the equation C = 20/3 x + 50. The revenue R , in dollars , made by selling x items is given by the equation R = 10x. How many items must the company sell in order for the cost to equal their revenue?Assume you want to purchase a used MacBook pro which is priced at AED 4,500. You are able to negotiate and purchase it for AED 4,300. However, you think that the macbook is worth AED 4,200. According to historical cost principle, what is the actual cost of the item?
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