Question
1- If the cost of a product is $144.75 and it has a 5.00% rate of markup on the selling price, calculate the selling price
1- If the cost of a product is $144.75 and it has a 5.00% rate of markup on the selling price, calculate the selling price of the product.
Round to the nearest cent
2- Ashley purchased a home theatre system for $2,000.00 and received an invoice dated December 2, 2011 with terms 3/10 n/30. What payment would have to be made on December 14, 2011 to settle the invoice?
A bank in Toronto charges 2.7% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.1112.
a. How many Canadian dollars will you have to pay to purchase US$5,000?
Round to the nearest cent
b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
Round to the nearest cent
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