Question
1- Kyleboughta bracelet at originalcost$12 tosellinhishandicraftstore. The markupwas40% onsellingprice. a)Findthesellingprice. B))Findtheamountof the markup. 2-HomeFurniturepaid$137foralamp.Expensesare 14% ofcostand the profitis18% ofcost. Round theanswersto thenearestcent ifnecessary. a)Whatisthe regularsellingprice
1- Kyleboughta bracelet at originalcost$12 tosellinhishandicraftstore. The markupwas40% onsellingprice.
a)Findthesellingprice.
B))Findtheamountof the markup.
2-HomeFurniturepaid$137foralamp.Expensesare 14% ofcostand the profitis18% ofcost. Round theanswersto thenearestcent ifnecessary.
a)Whatistheregularsellingprice?
B)To helpclearinventory, thelampwassoldat break-evenduringa sale.Whatisthebreak-evensellingprice?
3-Home Hardwarepaid$143foraparticulartype of drill.Expensesare 21% ofsellingpriceand therequiredprofitis10% ofsellingprice. Round ALLanswersto thenearestcent if applicable.
a)Whatistheregularsellingprice?
B)Whatisthe break-evensellingprice?
C)Duringaninventorysale, the drillwasmarkeddown 23% on theregularsellingprice.Whatisthe saleprice?
D)Whatisthe operating profit orlossduringtheinventorysale (use anegativesign(-) for aloss)?
4-Pet Valuepaid$102fora dogbed.Expensesare 23% ofcostand the profitis12% ofcost.
a)Whatistheregularsellingprice?
B) If the dogbedissoldatcost,whatisthereducedprofit?(Use anegativesign(-) ifthereisaloss.)
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