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A clothing store buys scarves for $49.00 less 31% for buying over 50 pairs, and less a further 325% for buying last season's style. The
A clothing store buys scarves for $49.00 less 31% for buying over 50 pairs, and less a further 325% for buying last season's style. The scarves are then marked up to cover overhead expenses of 37% of cost and a profit of 435% of cost. (a) What is the regular selling price of the scarves? (b) What is the maximum amount of markdown to break even? (c) What is the rate of markdown if the scarves are sold at the break-even price? (a) The selling price is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The amount of the markdown to break even is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The rate of markdown to break even is% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)An investor purchased a 182-day, $25,000.00 T-bill on its issue date for $24,704.44. After holding it for 77 days, she sold the T-bill for a yield of 1.74%. (a) What was the original yield of the T-bill? (b) For what price was the T-bill sold? (c) What rate of return (per annum) did the investor realize while holding this T-bill? (a) The original yield of the T-bill was% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (b) The T-bill sold for $. Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The investor realized a rate of return of% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)What nominal rate of interest compounded quarterly is equivalent to an effective rate of 5.99%? The nominal rate of interest is % (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)An amount of $130000 earns $30000 interest in two years, seven months, What is the effective annual rate if interest compounds semirannually'? The effective annual rate of interest as a percent is % (Round the nal answer to tour decimal places as needed. Round all intermediate values to SIX decimal places as needed.)
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