Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A sports store purchased tennis racquets for $60.05 less 42% for purchasing more than 100 items, and a further 36% was reduced for purchasing the
A sports store purchased tennis racquets for $60.05 less 42% for purchasing more than 100 items, and a further 36% was reduced for purchasing the racquets in October. The racquets were sold to customers for $55.39. (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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started