It cost a manufacturer $1794 to build a machine. The company's operating profit is 20% on selling
Fantastic news! We've Found the answer you've been seeking!
Question:
It cost a manufacturer $1794 to build a machine. The company's operating profit is 20% on selling priceand the markup is 35% on the selling price.
i). What is the selling price of the machine?
ii). During a trade show, if the company offered a discount of 17.5%, what was its profit or loss on the sales of each machine?
iii). What should be the rate of markdown to sell the machines at the break-even price?
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date: