The cost of a desk lamp to a store is $125. The store's overhead expenses are 25%

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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. 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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The cost of a desk lamp to a store is $125. The store's overhead expenses are 25%

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Mathematics Of Business And Finance

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