Question
A clothing merchant purchases a shipment of clothes for $37,000.00 with discounts of 9.00% and 4.00%. He sells it to a customer at a price
A clothing merchant purchases a shipment of clothes for $37,000.00 with discounts of 9.00% and 4.00%. He sells it to a customer at a price which includes 21.00% profit on selling price and overhead expenses of 24.00% on selling price.
a. How much did it cost him to purchase the container of clothes?
Round to the nearest cent
b. What was the selling price of the container of clothes?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
