Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A car accessory is sold for $54.71. The store's markup based on cost is 45% (a) What is the cost of the car accessory? (b)

A car accessory is sold for $54.71. The store's markup based on cost is 45% (a) What is the cost of the car accessory? (b) What is the rate of markup based on selling price? (a) The cost of the car accessory 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 selling price is % (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) A department store paid $35.78 for a dinner plate set. Overhead expense is 9% of the regular selling price and profit is 24% of the regular selling price. During a clearance sale the set was sold at a down of 34% What was the operating profit or loss on the sale? The operating (Round the feat answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) punt store paid $35.78 for a dinner plate set. Overhead expense is 2% of the regular selling price and proft is 24% of the regular wing price. During a da s the operating profit or loss on the sale? The operating (Round the final answer to the nearest cent 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

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

=+ If expertise is high, should the audience be reminded of this?

Answered: 1 week ago

Question

1 What demand is and what affects it.

Answered: 1 week ago