A furniture retailer paid $649 for a desk. The retailer's operating profit is 22% on selling price

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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. Calculate the rate of markup on selling price.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Sep 19, 2024 06:04 AM

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A furniture retailer paid $649 for a desk. The retailer's operating profit is 22% on selling price

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Mathematics Of Business And Finance

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