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business
multinational business finance
Questions and Answers of
Multinational Business Finance
Ace of Diamonds purchased 70 diamond bracelets at $225 each and the regular selling price was $300. The store sold 50% of the diamond bracelets at the regular selling price. During a sale, it sold
Proctor Electronics has a markup of 60% on the selling price of its portable chargers. Last month, the store purchased 140 items and sold 80 at the regular selling price of $85. During a weekend
Jay owns a local store where he sells garden equipment. He sells each unit of equipment at a price of $420, which includes a markup of 25% on the selling price. During a sale, he reduced the selling
Steve's Cash n' Carry purchased 80 pencil cases at $6.50 each and marked them up by 25% on cost and sold 75% of the pencil cases at the regular selling price. During a sale, it sold the remaining
Circuit World purchased 175 monitors at $125 each and marked them up by 35% on cost and sold 90 of the monitors at the regular selling price. During a sale, the store sold the remaining monitors
A supplier purchased 1000 mousepads for $5 each. She sold 500 pads at their regular selling price of $12 each, 300 at a markdown of 20%, and the remaining at a price to break-even. The overhead
Rodney runs a hardware store in Mississauga, Ontario. He purchases 400 phones from a distributor with trade discounts of 12% and 5% on the list price of $50 per phone. He sold 300 phones at the
A retail store purchased 180 shirts for $35 each. It sold 120 shirts at a markup of 60% on cost. During a sale, it sold another 40 shirts at a markup of 20% on cost. A few months later, it sold the
A designer purchased 70 dresses from an overseas tailor for $140 each. When the shipment arrived, she identified 40 of the dresses to be of very high quality, 20 of medium quality, and the remaining
High Tech Heaven purchased laptops for $263.50 each, less 10%. The store's rate of markup is 25% on selling price and the store's profit is 15% on cost. During a sale, the laptops were marked down
A retailer purchased shirts for $50 each, less 10%. The retailer has a markup of 20% on selling price and an operating profit of 10% on cost. During a sale, the shirts were marked down and sold at
A distributor purchased golf sets for $625 each, less 20% and 10%. Its profit is 10% on cost and markup is 30% on selling price. During a sale, the golf sets were marked down to $629.00.a. What was
Sung purchased designer bags for $242.88 each, less 12% and 8%. The markup is 35% on selling price and the operating profit is 15% on cost. During a sale, the designer bags were marked down to
The profit of an item from the regular selling price of $500 is $150. If a 20% markdown is offered during a sale, calculate the profit or loss at the sale price.AppendixLO1
Hollis Sound Equipment Ltd. makes an operating profit of $100 on an acoustic guitar that it sells at the regular selling price of $600. During a Boxing Week sale, if it marked down the guitar by 20%,
A professional SLR camera that regularly sells for $750 is sold after a markdown of 20%. If the break-even price is $590, calculate the profit or loss made on the sale of this camera.AppendixLO1
The regular selling price of cell phones at a store is $125 each. During a sale, it was sold at a markdown of 45%. Calculate the profit or loss made on the sale of the cell phone if the break-even
Nishi purchases office furniture from a wholesaler listed at $800, less discounts of 20% and 10%. She has overhead expenses of 20% on cost and wants to have an operating profit of 30% on cost.a.
Alfonso was in the business of purchasing sculptures from Brazil and selling them in Toronto at his boutique. On one consignment listed at $2400, he received trade discounts of 10%, 8%, and 6%. The
A distributor sells water cooling units for $880 each. The operating profit is 25% on cost and markup is 60% on cost.a. Calculate the cost per cooling unit.b. Calculate the rate of markdown offered
A steel warehouse has an operating profit of 15.50% on cost and a markup of 35% on cost. It sells construction steel bars for $1255.50 per tonne.a. Calculate the cost of the bars per tonne.b.
A distributor purchases industrial fans for $147 each. Its profit is 10% on selling price and markup is 30% on selling price.a. What is the regular selling price of the fans?b. During a trade show,
The cost of manufacturing a product is $42. The factory has a profit of 42% on selling price and markup of 65% on selling price.a. What is the regular selling price of the product?b. During a trade
The cost of an item is $450 and it is marked up by 35% on selling price. During a sale, it is marked down to sell at the break-even price. If the overhead expenses are 15% on regular selling price,
Karina owns a boutique where she sells designer dresses. She purchases the dresses for $280 each and has a rate of markup of 30% on selling price. At the end of every season, she has a sale and marks
An electronic toy costs $300, the overhead expenses are 30% on cost, and the operating profit is 20% on cost. The item is marked down by 10% during a sale.a. What is the profit or loss on the sale of
Jesse makes a 10% profit on cost of belts which he purchases at $15 each. The overhead expenses are 25% on cost. During a sale, he marked the belts down by 10%.a. What is the profit or loss on the
Celia, a reseller of printers, purchases printers for $300 each and marks them up by 40% on cost to make a profit of $70 on each printer. If she marks them down by 10% during a sale, calculate her
Lina is in the business of buying and selling expensive yachts. She recently bought a yacht for $420,500 and marked it up by 20% on cost, hoping to make a profit of $70,000. Since she was unable to
Hermois Fine Diamonds purchased Canadian solitaire diamonds for $2800. The markup on these diamonds is 15% on cost and the operating expenses are 10% on cost.a. Calculate the regular selling price of
Arash, the owner of Chord Change, purchased acoustic guitars for $80 each and has marked them up by 20% on cost. The overhead expenses were 10% on cost.a. Calculate the regular selling price of each
Andrea purchases flowers for $2 each and her regular selling price is $4.25.a. If she makes a profit of $1.85 on each flower, calculate her overhead expenses per flower.b. During Valentine's Day, if
Heel & Grip purchases shoes for $30 each pair and sells them at a regular price of $42 each pair.a. If the profit made is $5.25 per pair, calculate the overhead expense per pair.b. If the discount
Compuware Outlet buys portable hard-disks for $500 each and has a rate of markup of 60% on selling price. During a sale, it offers a markdown of 75%. Calculate the following for each hard-disk:a.
It costs a manufacturer $3150 to make a product. The rate of markup is 25% on selling price and it offers a markdown of 15% during a discount period.a. What is the regular selling price?b. What is
A computer store's markup on selling price of a computer is 15% and the amount of markup is $217.35. During a sale, the item was marked down to sell at break-even price. If the stores overhead
An electronics store's markup on selling price of a camera is 25% and the amount of markup is $36.95. During a sale, the item was marked down to sell at break-even price. If the stores overhead
It costs a manufacturing firm $12,500 to build a machine and the markup is 45% on selling price. During a sale, the price of the machine is marked down to the cost price. Calculate the rate of
The Shoe Source purchases ladies shoes for $35 each pair and has a markup of 60% on selling price. What is the rate of markdown on these shoes if it sells them at the cost price during a New Year's
A retailer's rate of markup on cost of an item is 20% and the markup amount is $80. During a sale, the item was marked down by 30%.a. Calculate the regular selling price.b. Calculate the reduced
Pete's Wheels n' Spokes has a rate of markup on cost of 25% on a model of bikes. This represents a markup amount of $40. At the end of summer, the store offers a discount of 30%.a. Calculate the
A store purchases a product for $2.50 each and sells it with a markup of 14% on cost. To clear inventory, the store sells the product at cost. Calculate the rate of markdown.AppendixLO1
Galleria Sports World purchases skates for $25.50 each and sells them at a markup of 30% on cost. During a clearance sale, the store sells the skates at the cost price. Calculate the rate of
During a sale, HomeMart marks down its utensils by 40%. If the amount of markdown on an expensive dinner set is $435, calculate the regular selling price and sale price of the dinner set.AppendixLO1
Collingwood Ski & Board marked down its skis by 25% towards the end of the season. If the amount of markdown is $180.50, calculate the regular selling price and sale price of a pair of
Thomas owns a successful furniture distribution store. He purchases dining table sets at $200 each from a wholesaler and sells them after a markup of 120% on cost. Every summer he runs a seasonal
It costs a manufacturer $18,450 to build a machine. The company sells the machines at a markup of 75% on cost. During a low demand season, it discounts the machine by 25% and sells it. Calculate the
The markup on an item is $28 and the rate of markup on selling price is 20%. If the discount offered is 15%, calculate the regular selling price and reduced selling price of the item.AppendixLO1
A furniture dealer has a markup of $36 per table. If this represented an 18% rate of markup on the selling price, calculate the regular selling price. If the dealer offered a discount of 15% during a
Madelyn, a shoe store owner, purchases snow boots for $60 each and has a rate of markup of 25% on cost. Every January, she marks them down to a reduced selling price of $52.50.a. What is the regular
Casey buys chocolates for $7 and marks them up by 30% on cost. During a sale, he marks them down to $7.25.a. What is the regular selling price of the chocolates?b. What is the rate of markdown during
Shirts were purchased for $12.50 each and were marked up by $16.75. During Christmas, they were discounted by $5.85 per shirt.a. What was the rate of markdown?b. What was the reduced selling price
It costs a tailor $2.50 to make a fabric laptop case. The markup is $10 per case. During a sale, he offers a discount of $1.25 per case.a. What is the rate of markdown?b. What is the reduced selling
An item is sold for $35 at a store in Brandon, Manitoba and for $47.50 at a store in Selkirk, Manitoba. If the store in Brandon offers a discount of $5.50 on this item, what rate of markdown should
A car dealership in Kensington sells a new model for $28,900. The same model is sold in Cornwall for $27,600. If the dealership in Kensington offers a discount of $4,850 on the car, what rate of
Company A and Company B sell the same model camera for $115 and $130, respectively. During a sale, Company A offers a discount of 10% on the camera. What should Company B's rate of markdown be on the
Ken's electronics store sells tablets for $395 each and Henry's electronics store sells the same model tablet for $373. During a Boxing Day sale, Ken offers a discount of 15% on the tablet. What rate
Grand Prairie Sportmart, a sporting goods store, regularly sells its snowboards at $800 each. However, as winter was coming to an end, it reduced the price to $680. Calculate the amount of markdown
Charlottetown Winter Wear sells its sports jackets for $1450 each. However, when the store received a large corporate order to supply sports jackets, it sold them for $900 each. Calculate the amount
Alessandria, a resident of Toronto, drives to Buffalo every year on Black Friday to purchase clothes from the retail outlets there. The markdown at the outlet this year was 70% on Black Friday and
Tao was excited that he purchased a brand new car for $22,400 from a car dealership after it was marked down by 8%. Calculate the regular selling price of the car and the amount of markdown he
a. Calculate the amount of discount offered.b. What was the reduced selling price of the steel rods? A stereo that regularly sells for $200 at a store is marked down by 20%.a. What is the amount of
Harris Steels was unable to sell steel rods when there was a slump in the construction industry, so it offered a 60% markdown on the regular selling price of $80.AppendixLO1
Kayla, a retailer, received successive trade discounts of 20% and 5% on a listed price of $2340 for each computer system that she purchased from a wholesaler. If her overhead expenses were 40% on
A battery trader received successive trade discounts of 8% and 6% on the list price of $22,450 for a container shipment of batteries from an overseas country. If the trader's overhead expenses are
A manufacturer of vertical blinds purchases raw materials for $18 per set of blinds and has a markup of $124 per set of blinds. Its operating profit is 60% on selling price. Calculate the break-even
Anil's operating profit is 35% on selling price for the cameras that he sells at his store. He purchases them for $145 per camera and has a markup of $82 per camera. Calculate the break-even
Zarita sells clay pots at her pottery studio for $30 each. The overhead expenses are $12 per pot and operating profit is 30% on selling price.a. What is her amount of markup per pot?b. How much does
Anna sells earrings at her store for $45.20 per pair. Her overhead expenses are $6 per pair and she makes 40% operating profit on selling price.a. What is her amount of markup per pair of earrings?b.
A distributor purchases a machine for $185,000, less discounts of 5% and 3%. The distributor then sells the machine to a client at a price, which includes 35% profit on selling price and overhead
A clothing merchant purchases a container shipment of clothes for $35,000, less discounts of 10% and 5%. He sells it to a customer at a price which includes 20% profit on selling price and overhead
Ramon and his wife operate a restaurant where they sell all their meals for $14 each. The markup on each meal is $4.50 and overhead expenses are 20% of the selling price.a. How much does it cost them
Domenica's store sells an item for $5.50 each. The overhead expenses are 15% on selling price and markup on each item is $1.25.a. What is the cost of each item?b. What is the operating profit per
Salma purchased two computers for $1000 each. If she applies a rate of markup of 35% on cost for the first computer and a rate of markup of 25% on selling price for the second computer, which
Ria and Kim own two competing convenience stores. Both of them purchase a similar shipment of chocolate bars for $2500 every month to sell at their stores. If Ria has a rate of markup of 45% on cost
A store sells humidifiers for $67.50 each. The store's operating expenses are 40% on cost and the operating profit is 20% on selling price.a. Calculate the cost of a humidifier.b. Calculate the rate
A store sells crystal chandeliers for $2500 each. The store's operating expenses are 20% on cost and their operating profit is 15% on selling price.a. Calculate the cost of a chandelier.b. Calculate
The cost of a desk lamp to a store is $125. The store's overhead expenses are 25% on cost and the operating profit is 20% on selling price.a. Calculate the regular selling price of the desk lamp.b.
A furniture retailer paid $649 for a desk. The retailer's operating profit is 22% on selling price and the overhead expenses are 18% on cost.a. Calculate the regular selling price of the desk.b.
A computer assembly firm purchases computer parts at $225 per computer. The operating expenses are 25% on cost and rate of markup is 60% on cost.a. What is the selling price of each computer?b. What
House & Home Hardware, a local store in London, purchases industrial toolkits from its distributor for $180 each. Its operating expenses are 15% on cost and rate of markup is 35% on cost.a. What is
A laptop trader purchases laptops for $450 each. The overhead expense is $50 and operating profit is $200 per laptop.a. What is the rate of markup on cost?b. What is the rate of markup on selling
A car dealership purchases a particular car model for $16,500 each. The dealership's overhead expenses are $1250 and its operating profit is $3000 per car.a. What is the rate of markup on cost?b.
Amanda and Rakesh had an 18% rate of markup on selling price of the shoes that they sold at their store. Calculate the rate of markup on cost.AppendixLO1
If a car dealership sold its brand new cars at a rate of markup of 40% on selling price, calculate the rate of markup on cost.AppendixLO1
Zhen has a 20% rate of markup on cost of the magazines that she sells at her store. What is the rate of markup on selling price of the magazines?AppendixLO1
A car dealership sold a used car at a 35.25% rate of markup on cost. What was the rate of markup on selling price?AppendixLO1
Safiya owns a fabric store and sells special fabric for $10 per metre. What is the amount of markup if the rate of markup on cost is 30%?AppendixLO1
A distributor has a rate of markup of 30% on cost of its textbooks. If it sells each textbook for $100, what is the amount of markup?AppendixLO1
If the cost of a product is $480.75 and it has a 20% rate of markup on selling price, calculate the selling price of the product.AppendixLO1
A calendar reseller purchases calendars for $5 each and applies a 14.50% markup on selling price. What is the selling price of each calendar?AppendixLO1
Rafael, a successful clothing designer, creates designer leather jackets, marks them up by 90% on selling price, and sells them for $1200 each. What is his cost to create each jacket?AppendixLO1
As Charlotte's Cupcakes is the only cupcake shop in the area, the owner sells her cupcakes for a premium. The rate of markup on each cupcake is 95% on selling price. If she sells each cupcake for
An appliance store sells items with a markup of 15% on selling price. Calculate the cost if the selling price of a refrigerator is $1250.AppendixLO1
A bookstore sells items with a markup of 25% on selling price. Calculate the cost if the selling price is $114.00.AppendixLO1
An electronics store marks up a computer by 18% on cost. If the amount of markup is $121.50, calculate the cost and selling price of the computer.AppendixLO1
a. What is the rate of markup on cost?b. What is the rate of markup on selling price? A furniture store marks up a table by 35% on cost. If the amount of markup is $126, calculate the cost and
Aaron buys a box of printer cartridges for $1000 and is selling them for $1200.AppendixLO1
Ivy purchases phones for $280.50 each and is selling them for $300 each.a. What is the rate of markup on cost?b. What is the rate of markup on selling price?AppendixLO1
Vinh received an invoice dated April 25, 2020 for $22,760 with the following terms: 3/10, 2/30, R.O.G. The goods were received on May 15, 2020.a. If he paid $10,000 on May 05, what was the
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