 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Problem solver for business math
A jewelry store purchased 120 fashion watches for $2400. If the store sold 60 watches at $40, 48 watches at $36, and the rest at $20, find the total markup, the markup percent on selling price, and the equivalent markup percent on cost.
|
||||
|
||||
|
Purchased 120 fashion watches for 2400. So, 1 watch= $20
Sold watches: 60 watches at $40.48 per watch, so the markup percentage is (40.48/20)*100= 202.4% Sold 48 watches at $36.00 per watch, so the markup percentage is (36/20)*100= 180% Sold 12 watches at $20.00 per watch, so the markup percentage is (20/20)*100= 100% So, the total markup percentage is ((2428.80 + 1728 + 240) /2400)*100 = (4396.80)/2400 * 100 = 183.20% there for total profit is 183.20 %. |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Coffe cost $12.00 per case and tea cost $ 8.00 per case. If an order comes in for a total of 250 cases for $ 2,600, what was the specific number of cases of tea?
Ms. Chips wants to have 250,000 in her retirement acount in 30 years. She found an investment fund that pays 9% interest. How much shouls she deposit each month?
A holder of a $2000, 8%, 150-day note dated June 1 decides to sell the note at a discount. The note is sold on July 18 at a discount of 11%. Find the proceeds.
BUSINESS MATH. Find the amount if $100 is invested at 17% compounded monthly for 17 months. Amount = ?
$40,000 loan,to be repaid at the end of 8 years in one payment with an interest of 12%. What is total amount to be paid back at the end of the loan?
View more questions Search
|
