A serving tray costs $ 1, 4(K) and sells for $2,015. a. Find the rate of markup
Question:
a. Find the rate of markup based on cost,
b. Find the rate of markup based on selling price.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
a M S C 2015 1400 615 M ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
Cost = $32; selling price = $40. Find the rate of markup based on the selling price.
-
Cost = $60; selling price = $ 150. a. Find the markup. b. Find the rate of markup based on cost.
-
Selling price = $1,980; cost = $795. Find the rate of markup based on the selling price.
-
In the game of roulette, a gambler who wins the bet receives $36 for every dollar she or he bet. A gambler who does not win receives nothing. If the gambler bets $1, what is the expected value of the...
-
Is it necessary to have both general controls and application controls to have a strong system of internal controls?
-
For this Discovering Data exercise, use FRED (fred.stlouisfed.org) to create a graph comparing exports from California, Florida, Michigan, Pennsylvania, and Washington to China. In the search bar...
-
LO 18-3 Explain the stages in the personal selling process. The personal selling process consists of six stages: (1) prospecting, (2) preapproach, (3) approach, (4) presentation, (5) close, and (6)...
-
Consider Figure 12S.1. Some people have argued that companies need to put in place information systems that address routine decision making and transactional requirements prior to tackling...
-
A company is evaluating three possible investments. Each uses straight-line method of depreciation. Following information is provided by the company. Project A Project Project Investment 200,000...
-
a. Write an application that extends JPanel and displays your name. Place boxes of different colors around your name at intervals of 10, 20, 30, and 40 pixels. Save the file as JBorderPanel.java. b....
-
Markup = $75; markup rate of 60% based on the selling price, a. Find the selling price. b. Find the cost.
-
What is the equivalent markup based on cost of a water fountain that is marked up 63% based on the selling price?
-
The concentration of atmospheric CO2 has been increasing for many decades. If this trend continues, how might it affect the relative abundance of C3 and C4 plants?
-
Prove (11.32) . E (Yi,k | Zi = 0, = e) = E (Yi,k | i = 1, = e) = E (Yi,k | Ti = e), k = 1,2. (11.32)
-
University Medical Center needs to move from its existing facility to a new and larger facility five miles away from its current location. Due to construction delays, however, much of the new...
-
Calculate the base value or lump sum for each of the single and married filing jointly 2016 brackets given in Table 6.4. Table 6.4 ITABLE 6.4 Corporate Income Brackets and Tax Rates, 2015 Taxable...
-
Show that staged column diameter is proportional to (feed rate) \({ }^{1 / 2}\) and to \((1+\mathrm{L} / \mathrm{D})^{1 / 2}\).
-
An atmospheric column with 25 real stages is operating with a pressure drop of 0.6 in. of water per stage. Assume pressure drop in the condenser and the reboiler is \(1.2 \mathrm{in}\). of water...
-
What actions could a bank take to encourage more customers to transact online or via mobile apps and to use chatbots and robo-advisors instead of using more expensive service delivery channels such...
-
7. Baladna wants to analyze process that includes delivery by suppliers, production inside the company, transportation to to its customers and information systems. Then it also wants to find out...
-
Units gained; cost of production summaries LO 3 Charlie Chemicals Inc., which uses the process cost system, has two departments^ and B. In both departments, all of the materials are put into...
-
What amount two years from now will be equivalent to $2300 at a date 1 years ago, if 2 money earns 6.25% compounded semiannually during the intervening time?
-
Payments of $1300 due today and $1800 due in 1 years are to be replaced by a single payment 4 years from now. What is the amount of that payment if money is worth 6% compounded quarterly?
-
Bjorn defaulted on payments of $2000 due 3 years ago and $1000 due 1 years ago. What would a fair settlement to the payee be 1 years from now, if the money 2 could have been invested in low-risk...
-
Callaho Inc. began operations on January 1 , 2 0 1 8 . Its adjusted trial balance at December 3 1 , 2 0 1 9 and 2 0 2 0 is shown below. Other information regarding Callaho Inc. and its activities...
-
Required: 1. Complete the following: a. Colnpute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile...
-
Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The bonds mature in 6 years, have a face value of $1,000, and a yield to...
Study smarter with the SolutionInn App