Answered: The cost of the Good Son Stroller to…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The cost of the Good Son Stroller to the retailer is $245. If the retailer wants a rate of mark up on selling price of 30%, determine the amount of the mark up and the selling price.
The Great Outdoors Tent can be purchased from a wholesaler for $58 less discounts of 30% and 7%. The selling price will be the MSRP of $58. If overhead expenses are 25% of the selling price, find the rates of mark up on cost and on selling price?

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1. The Great Outdoors Tent can be purchased from a wholesaler for $58 less discounts of 30% and 7%. The selling price will be the MSRP of $58. If overhead expenses are 25% of the selling price, find the rates of mark up on cost and on selling price?

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