Question
A distributor sells water cooling units for $850 each. The operating profit is 20% on the cost and the markup is 50% on the cost.
A distributor sells water cooling units for $850 each. The operating profit is 20% on the cost and the markup is 50% on the cost.
a. Calculate the cost per cooling unit.
b. Calculate the rate of markdown offered during a sale if it made a profit of $47.80 per machine.
c. What should be the rate of markdown offered to sell the machines at the cost price?
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Sport Finance
Authors: Gil Fried, Steven Shapiro, Timothy D. Deschriver
2nd Edition
0736067701, 978-0736067706
