Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
The shop owner pays $1.76 for each spark plug. The owner pays 40% off list price for all other materials. What is the shop owner's profit on parts? $_ (Round to the nearest whole cent)

The shop owner pays $1.76 for each spark plug. The owner pays 40% off list price for all other materials. What is the shop owner's profit on parts? $_ (Round to the nearest whole cent)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
See similar textbooks
icon
Related questions
Question
The shop owner pays $1.76 for each spark plug. The owner pays 40% off list price for all other materials. What is the shop owner's profit on parts? $_ (Round to the nearest whole cent) 82.08 Multiply the cost of the spark plug ($1.76) by the number of plugs (8) to find the cost of the plugs. Add the rest of the items and multiply by .6 (100% of sale price - 40% shop discount = 60% shop cost). Add this number to the cost of the plugs to find total shop cost for parts. Subtract this from total customer cost (not including labor) to find parts profit.
Transcribed Image Text:The shop owner pays $1.76 for each spark plug. The owner pays 40% off list price for all other materials. What is the shop owner's profit on parts? $_ (Round to the nearest whole cent) 82.08 Multiply the cost of the spark plug ($1.76) by the number of plugs (8) to find the cost of the plugs. Add the rest of the items and multiply by .6 (100% of sale price - 40% shop discount = 60% shop cost). Add this number to the cost of the plugs to find total shop cost for parts. Subtract this from total customer cost (not including labor) to find parts profit.
Use this table for the following questions: Item 8 Spark Plugs Spark Plug Wires Distributor Cap Rotor Labor Quantity Needed 1 Set 1 Set 1 1 Flat Rate 5% sales tax on parts only Cost $32.84 $73.92 $24.16 $9.10 Each $80.00
Transcribed Image Text:Use this table for the following questions: Item 8 Spark Plugs Spark Plug Wires Distributor Cap Rotor Labor Quantity Needed 1 Set 1 Set 1 1 Flat Rate 5% sales tax on parts only Cost $32.84 $73.92 $24.16 $9.10 Each $80.00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 7 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,
SEE MORE TEXTBOOKS