You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) $129.99 $199.99 An advertisement shows two cameras for sale. The PowerShooter 1800 sells for $129.99. The CyberShooter 2400 sells for $199.99. (a) If the PowerShooter 1800 is marked up by $66.50, what is the cost (in $) and what is the percent markup based on cost? cost$percent markup based on cost % (b) If the CyberShooter 2400 has a cost of $79.00, what are the amount of the markup (in $) and the percent markup based on cost? amount of the markup$percent markup based on cost %

You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) $129.99 $199.99 An advertisement shows two cameras for sale. The PowerShooter 1800 sells for $129.99. The CyberShooter 2400 sells for $199.99. (a) If the PowerShooter 1800 is marked up by $66.50, what is the cost (in $) and what is the percent markup based on cost? cost$percent markup based on cost % (b) If the CyberShooter 2400 has a cost of $79.00, what are the amount of the markup (in $) and the percent markup based on cost? amount of the markup$percent markup based on cost %

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 3A

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Question

You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.)

$129.99

$199.99

An advertisement shows two cameras for sale.

The PowerShooter 1800 sells for $129.99.
The CyberShooter 2400 sells for $199.99.

(a)

If the PowerShooter 1800 is marked up by $66.50, what is the cost (in $) and what is the percent markup based on cost?

cost$percent markup based on cost %

(b)

If the CyberShooter 2400 has a cost of $79.00, what are the amount of the markup (in $) and the percent markup based on cost?

amount of the markup$percent markup based on cost %

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