Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A local electronics store purchased some computers 90 days ago for $2172 less discounts of 11% and then 24% purchasing the computers management marked up

image text in transcribed
image text in transcribed
A local electronics store purchased some computers 90 days ago for $2172 less discounts of 11% and then 24% purchasing the computers management marked up the computers 31% of cost for overhead and 23% of cost for profit. During a sale, the manager has decided to discount the computers at 32% off the store's normal selling price. Answer the following questions on a sheet of paper and submit your work for marks: 1. What was the net price of the computers? 2. What was the regular selling price of the computers? 3. What is the ROMU? 4. What is the GPM? 5. What is the sale price of the computers? NOTE: Don't forget the appropriate units. Answer: Net Price = Selling Price ROMU = GPM = Sale Price = A local electronics store purchased some computers 90 days ago for $2172 less discounts of 11% and then 24%. After purchasing the computers, management marked up the computers 31% of cost for overhead and 23% of cost for profit. During a sale, the manager has decided to discount the computers at 32% off the store's normal selling price. Answer the following questions on a sheet of paper and submit your work for marks: 1. What was the net price of the computers? 2. What was the regular selling price of the computers? 3. What is the ROMU? 4. What is the GPM? 5. What is the sale price of the computers? NOTE: Don't forget the appropriate units. Answer: Net Price = Selling Price = ROMU GPM = Sale Price =

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

Accounting Principles

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

11th Edition

111856667X, 978-1118566671

More Books

Students also viewed these Accounting questions