Sport Gear Shop purchases tennis rackets for $150 and sells them for $275. What is the gross profit per racket? a. $125 b. $150 c. $275 d. $425
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- F3A clothing merchant purchases a shipment of clothes for $37,000.00 with discounts of 11% and 5%. He sells it to a customer at a price which includes 21% profit on cost and overhead expenses of 23% on cost. a. How much did it cost him to purchase the container of clothes? $0.00 Round to the nearest cent b. What was the selling price of the container of clothes? 50.00 Round to the nearest cent c. Calculate the break-even selling price. 50.00 Round to the naarast cantA gift shop owner purchases items to sell in her store. She purchases a chair for $125 and sells it for $275. Determine the following: a. dollar markup b. markup percentage on cost c. markup percentage on selling price
- 2 A storekeeper bought merchandise for $2940. If she sells the merchandise at 16% above cost, how much gross profit does she make? Her gross profit is $ (Type an integer or a decimal)Help please2. An automobile GPS system is sold to stores at a wholesale price of $97. A popular store sells them for $179.99. What is the store's markup? 3. A CD storage rack is sold to stores at a wholesale price of $18. a. If a store has a $13 markup, what is the retail price of the CD rack? b. Find the percent increase of the markup to the nearest percent. 4. A bicycle sells for a retail price of b dollars from an online store. The wholesale price of the bicycle is w. a. Express the markup algebraically. b. Express the percent increase of the markup algebraically. pobiji bai
- PA3. 9.1 Prepare journal entries for the following transactions from Forest Furniture. 3 Sold 2 couches with a sales price of $2,450 per couch to customer Norman Guzman. Norman Guzman paid with his Draw Plus credit card. The Draw Plus credit card charges Forest Furniture a 3.5% usage fee based on the total sale per transaction. The cost for this sale is $1,700 per couch. 6 Sold 4 end chairs for a total sales price of $1,250 to April Orozco. April paid in full with cash. The cost of the sale is $800. 9 Sold 18 can lights with a sales price of $50 per light to customer James Montgomery. James Montgomery paid using his Fund Max credit card. Fund Max charges Forest Furniture a 2.4% usage fee based on the total sale per transaction. The cost for this sale is $29 per light. 12 Draw Plus made a cash payment in full to Forest Furniture for the transaction from Oct 3, less any usage fees. 15 Fund Max made a cash payment of 25% of the total due to Forest Furniture for the transaction from…A 250.2. Sales slip for Judy Henry. Blender for $109.50. Canister set for $39.95. Sales tax rate of 4.5%. What is the total purchase price?