What are the percentage markups on the cost that corresponds to the following percentage of markup on selling price (GPM)? 50%
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- Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent $ Selling price 15.40 $ 52.00 Cost Dollar markup Percent markup on selling price %Profit volume ratio is used for the calculation of: Select one: O a. For all options provided O b. Profit at given sales O c. Profit when margin of saftey is given O d. Break even pointAssume that mark up is based on cost... Please answer the accounting question
- Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price TradeDiscountRate Net PriceFactor SingleEquivalentDiscount TradeDiscount Net Price $4.39 13/10/10 _______ _______ $ _____ $ ______Sales Cost of goods sold Accounts receivable 2021 $ 611,353 302,063 29,467 2020 $ 399,577 197,543 23,375 2019 $ 313,394 156,763 21,499 2018 $ 213,921 105,871 12,557 2017 $ 153,900 75,411 10,511 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.Explain percent of sales method.