Think about the following problems and post your replies below. You must show all work to receive partial credit. No credit will be given for correct answers with no supporting work. You answer must be contained in one single post. Problem #1. A scientific calculator has a cost of $17.29 and a selling price of $26.49. (a) What is the amount of markup on the calculator? (b) What is the percent markup based on cost? (c) What is the corresponding percent markup based on selling price?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
Think about the following problems and post your replies
below. You must show all work to receive partial
credit. No credit will be given for correct answers
with no supporting work. You answer must be
contained in one single post.
Problem #1. A scientific calculator has a cost of $17.29
and a selling price of $26.49.
(a) What is the amount of markup on the calculator?
(b) What is the percent markup based on cost?
(c) What is the corresponding percent markup based on
selling price?
Problem #2. You make 90 fancy chocolate tarts for
Valentine's Day bake sale at a cost of $3.25 each. If a
spoilage rate of 5.5% is anticipated, at what price should
you sell the tarts to achieve 35.5% markup based on
cost?
Transcribed Image Text:Think about the following problems and post your replies below. You must show all work to receive partial credit. No credit will be given for correct answers with no supporting work. You answer must be contained in one single post. Problem #1. A scientific calculator has a cost of $17.29 and a selling price of $26.49. (a) What is the amount of markup on the calculator? (b) What is the percent markup based on cost? (c) What is the corresponding percent markup based on selling price? Problem #2. You make 90 fancy chocolate tarts for Valentine's Day bake sale at a cost of $3.25 each. If a spoilage rate of 5.5% is anticipated, at what price should you sell the tarts to achieve 35.5% markup based on cost?
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar 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,