Contemporary Mathematics For Business & Consumers, Loose-leaf Version

8th Edition

ISBN: 9781305867185

Author: Robert Brechner, Geroge Bergeman

Publisher: South-Western College Pub

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Textbook Question

Chapter 8.II, Problem 21RE

Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent.

A purse has a cost of $21.50 and a selling price of $51.99.

a. What is the amount of markup on the purse?

b. What is the percent markup based on cost?

c. What is the corresponding percent markup based on selling price?

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Chapter 8.II, Problem 20RE

Chapter 8.II, Problem 22RE

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Chapter 8 Solutions

Contemporary Mathematics For Business & Consumers, Loose-leaf Version

Ch. 8.I - For the following, use the basic retailing...Ch. 8.I - For the following, use the basic retailing...Ch. 8.I - Prob. 3TIE Ch. 8.I - Prob. 4TIE Ch. 8.I - Prob. 5TIE Ch. 8.I - Prob. 6TIE Ch. 8.I - Prob. 1RE Ch. 8.I - For the following items, calculate the missing...Ch. 8.I - Prob. 3RE Ch. 8.I - For the following items, calculate the missing...

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Solution Summary: The author calculates the percent markup based on cost using the following equation: 141.8%.

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