Proctor Electronics has a markup of 60% on the selling price of its portable chargers. Last month,
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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 sale, a 25% markdown was offered, following which 45 items were sold at the reduced price and the remaining sold at cost. Calculate the following:
a. Total cost of the portable chargers.
b. Total sales of the portable chargers.
c. Net amount of markup.
d. Net rate of markup based on total sales.
AppendixLO1
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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