Rolf's Golf store sells golf balls for $30 per dozen. The store's overhead expenses are 28% of cost and the owners require a profit of 21% of cost. a. How much does Rolf's Golf store buy the golf balls for? $per dozen, Round to the nearest cent b. What is the price needed to cover all the costs and expenses? Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? Round to two decimal places % d. What markdown rate would price the golf balls at cost? Round to two decimal places %
Rolf's Golf store sells golf balls for $30 per dozen. The store's overhead expenses are 28% of cost and the owners require a profit of 21% of cost. a. How much does Rolf's Golf store buy the golf balls for? $per dozen, Round to the nearest cent b. What is the price needed to cover all the costs and expenses? Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? Round to two decimal places % d. What markdown rate would price the golf balls at cost? Round to two decimal places %
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Rolf's Golf store sells golf balls for $30 per dozen. The store's overhead expenses are 28% of cost and the owners require a profit of 21% of cost.
a. How much does Rolf's Golf store buy the golf balls for? $per dozen, Round to the nearest cent
b. What is the price needed to cover all the costs and expenses? Round to the nearest cent
c. What is the highest rate of markdown at which the store will still break even? Round to two decimal places
%
d. What markdown rate would price the golf balls at cost? Round to two decimal places
%
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