DDStockNumber23-87920-25344-981165-87460-35868-84752-98635-4566CostSam's Soda ShopMarkupMarkupRate (Cost) Amount (Cost)$4.94$7.98$21.78$20.793%8%10%16%20%23%$7.57$2.60SellingPrice(Cost)Directions:a. Enter formulas in Rows 6 and 7 to calculate Markup Rate and Amount.b. Enter formulas in Rows 8 and 9 to calculate Markup Amount and Selling Price.c. Enter formulas in Rows 10 and 11 to calculate Cost and Selling Price.9d. Enter formulas in Rows 12 and 13 to calculate Cost and Markup Amount.e.Format Columns B, D, and E for currency. Set Decimal place to 2. SetCurrency symbol to $. Format Column C for Percentage and 0Decimal Places.$8.88$9.98$13.92$17.59

Sale Price = Cost price + mark up costMark upcost = Cost Price * markup%Cost Price = Markup cost/…

Stock Number 23-879 20-253 44-981 165-874 60-358 68-847 52-986 35-456 Cost $4.94 $7.98 $21.78 $20.79 Markup Rate (Cost) 3% 8% 10% 16% 20% 23% Markup Amount (Cost) $7.57 $2.60 Sellin Price (C Directions: a. Enter formulas in Rows 6 and 7 to calculate Markup Rate and Amount. b. Enter formulas in Rows 8 and 9 to calculate Markup Amount and Selling Price.

Stock Number 23-879 20-253 44-981 165-874 60-358 68-847 52-986 35-456 Cost $4.94 $7.98 $21.78 $20.79 Markup Rate (Cost) 3% 8% 10% 16% 20% 23% Markup Amount (Cost) $7.57 $2.60 Sellin Price (C Directions: a. Enter formulas in Rows 6 and 7 to calculate Markup Rate and Amount. b. Enter formulas in Rows 8 and 9 to calculate Markup Amount and Selling Price.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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