The proprietor of a little store plans on buying $1,500 worth of products to be increased 40% dependent on the selling cost. Of this he will have bought $200 worth of "floor merchandise", which will sell for $250. In case he is to keep up with the wanted 40% markup on the all out buy, what markup % is required on the equilibrium of the buys?
The proprietor of a little store plans on buying $1,500 worth of products to be increased 40% dependent on the selling cost. Of this he will have bought $200 worth of "floor merchandise", which will sell for $250. In case he is to keep up with the wanted 40% markup on the all out buy, what markup % is required on the equilibrium of the buys?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The proprietor of a little store plans on buying $1,500 worth of products to be increased 40% dependent on the selling cost. Of this he will have bought $200 worth of "floor merchandise", which will sell for $250. In case he is to keep up with the wanted 40% markup on the all out buy, what markup % is required on the equilibrium of the buys?
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