A three-speed fan originally sold for $29.98 and was reduced to sell for $25.40. Find the markdown

Question:

A three-speed fan originally sold for $29.98 and was reduced to sell for $25.40. Find the markdown and the rate of mark-down. Round to the nearest tenth percent.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

See More Books

Question Posted: Mar 11, 2016 01:40 AM

See More Questions

The Furniture Lot is a retail store that specializes in modern living room and dining room furniture. Merchandise sales are subject to an 8 percent sales tax. The firm's credit sales and sales...
A file cabinet originally sold for $215 but was damaged and had to be reduced. If the reduced cabinet sold for $129, what was the rate of markdown based on the original selling price?
Mark Price, the new productions manager for Speakers and Company, needs to find out which variable most affects the demand for their line of stereo speakers. He is uncertain whether the unit price of...
For Table 24.1, suppose you think that you omitted a relevant variable, physicians per capita. Would this harm your results for S or H? Explain your view. Table 24.1 (Model 1) The Effect of Community...
Which stakeholder group, internal or external, is more likely to be affected by corporate governance, and which has a direct affect on corporate governance?
Use the snapshots.pdf file, together with its hyperlinks to the underlying spreadsheet data. Use a spreadsheet program of your choice to complete the following. (a) Make a plot of per capita GDP (in...
According to the flow of material, what are the four classifications of inventories? LO.1
(Computation of Book Value per Share) John stone Inc. began operations in January 2009 and reported the following results for each of its 3 years of operations. 2009 $260,000 net loss 2010 $40,000...
Major League Baseball pitcher Sam Screwball of the Chicago Blacksox was warming up in the bullpen at San Franciscos Oracle Park when a San Francisco fan, Larry Loudmouth began heckling him. Larry...
Clear Lake Nursing Home defines outputs as a patient day. Its present volume is 26,000 patient days. The average cost per day is $90,00. Present revenues and costs are presented below: Clear Lake...
A down comforter was originally priced to sell at $280 and was reduced by 65%. Find the markdown and the sale price.
Bolivia's Gifts paid a wholesale price of $625 for a set of imported hand-cut crystal and marked the crystal up 82% based on cost. On April 1, the crystal was marked down 30% for a special promotion....
What is an automated purchasing system? Describe the beneficial tasks that an automated purchasing system can perform.
Prepare the entries to record the transaction 2 A company has three employees, each of whom has been employed since January 1 earns $2750 per month and is paid on the last day of each month On March...
Pet Emporium had a robbery on the weekend in which a large amount of inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the...
In a test taken by a class of 50 students, the average was 1500 with a standard deviation of 40. What 2 scores capture the middle 60% of the students?
For questions 1-8, let P = (-2, 5) and Q = (4,8). 1. Find the distance from the point P to the point Q. 2. Find the midpoint of the line segment joining P and Q. 3. Find the slope of the line PQ. 4....
True/False Indicate whether the statement is true or false. ____ 1. In accounting, to value means to record a transaction or event. ____ 2. The recognition issue deals with when a business...
Think of three services you buy or use either mostly or exclusively via the Internet or a mobile app. What is the value proposition of this channel over alternative channels (e.g., phone, mail, or...
On January 1, 2017, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson, Inc., for $340,200. Stinson's book value on that date consisted of common stock of $100,000 and...
Computing equivalent production LO 3 Compute the equivalent production (unit output) for the month for each of the following situations: Units Completed During Month 10,000 Units in Process, End of...
Umberto borrowed $7500 from Delores on November 7, 2008. When Umberto repaid the loan, Delores charged him $190.02 interest. If the rate of simple interest on the loan was 6 %, on what date did...
Payments of $1000 and $7500 were originally scheduled to be paid five months ago and four months from now, respectively. The first payment was not made. What payment two months from now is equivalent...
If money earns 7.5%, calculate and compare the economic value today of the following payment streams: Stream 1: Payments of $1800 and $2800 made 150 and 90 days ago, respectively. Stream 2: Payments...
Which of the following statements regarding traditional cost accounting systems is false? a. Products are often over or under cost in traditional cost accounting systems. b. Most traditional cost...
Bart is a college student. Since his plan is to get a job immediately after graduation, he determines that he will need about $250,000 in life insurance to provide for his future wife and children...
Reporting Financial Statement Effects of Bond Transactions (please show me how you got the answers) Lundholm, Inc., which reports financial statements each December 31, is authorized to issue...

A three-speed fan originally sold for $29.98 and was reduced to sell for $25.40. Find the markdown

Question:

Step by Step Answer:

M S N M 299...View the full answer

Business Math

Students also viewed these Finance questions