Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 An electric fireplace cost a retailer $658.00 less 165%, 19%, 8%. Markup is 59% of the regular selling price. During the end-of-season sale, the

image text in transcribed

2 An electric fireplace cost a retailer $658.00 less 165%, 19%, 8%. Markup is 59% of the regular selling price. During the end-of-season sale, the electric fireplace is marked down 17%. (a) What is the end-of-season sale price? (b) What rate of markup based on cost will be realized during the sale? (a) The end-of-season sale price of the electric fireplace is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is % (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

How flying airoplane?

Answered: 1 week ago