Arash, the owner of Chord Change, purchased acoustic guitars for $80 each and has marked them up

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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 guitar and the profit made.

b. If he decides to offer a markdown of 5%, what would be the reduced selling price and profit or loss he would make on the sale of each guitar?

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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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Arash, the owner of Chord Change, purchased acoustic guitars for $80 each and has marked them up

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Mathematics Of Business And Finance

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