A steel warehouse has an operating profit of 15.50% on cost and a markup of 35% on

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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. Calculate the rate of markdown offered during a sale if it made a profit of $100 per tonne.

c. What should be the rate of markdown offered to sell the bars at the cost 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 steel warehouse has an operating profit of 15.50% on cost and a markup of 35% on

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Mathematics Of Business And Finance

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