Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A sports store purchased tennis racquets for $48.55 less 41% for purchasing more than 100 items, and a further 24% was reduced for purchasing

image text in transcribed

A sports store purchased tennis racquets for $48.55 less 41% for purchasing more than 100 items, and a further 24% was reduced for purchasing the racquets in October. The racquets were sold to customers for $63.93. (a) What is the cost of each racquet? (b) What is the markup as a percent of cost? (c) What is the markup as a percent of selling price? (a) The cost of each racquet is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The markup as a percent of cost is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (c) The markup as a percent of selling price is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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_2

Step: 3

blur-text-image_3

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

Research Methods Statistics and Applications

Authors: Kathrynn A. Adams, Eva Marie K. Lawrence

1st edition

1452220182, 978-1452220185

More Books

Students also viewed these Finance questions