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A office supply company purchases office furniture from a wholesaler for $910 per unit less trade discounts of 25% and 9%. The company sells the
A office supply company purchases office furniture from a wholesaler for $910 per unit less trade discounts of 25% and 9%. The company sells the furniture with a rate of markup on the selling price of 48%.
- What is the cost per unit? Enter your answer in blank #1. (Round your answer to 2 decimal places and include the $ sign.)
- What is the regular selling price per unit? Enter your answer in blank #2. (Round your answer to 2 decimal places and include the $ sign. Enter your answer in the form $1,234.56.)
During a sale, the company marks down the furniture by 28% per unit.
- What is the amount of markdown per unit? Enter your answer in blank #3. (Round your answer to 2 decimal places and include the $ sign.)
- What is the reduced selling price? Enter your answer in blank #4. (Round your answer to 2 decimal places and include the $ sign.)
- At the sale price, what is the amount of markup? Enter your answer in blank #5. (Round your answer to 2 decimal places and include the $ sign.)
- At the sale price, what is the rate of markup on the selling price? Enter your answer in blank #6. (Enter your answer as a percent, rounded to 2 decimal places, and include the % sign.)
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