Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(a) The cost price of an armchair is $224.56 and the rate of mark-up on cost is 32.5%. Calculate the selling price. (1 mark) (b)

(a) The cost price of an armchair is $224.56 and the rate of mark-up on cost is 32.5%. Calculate the selling price. (1 mark)

(b) Calculate the cost price of a bottle of perfume if the selling price is $32.87 and the mark-up on cost is 27.5%. (1 mark)

(c) Maries Gifts and Collectibles purchased scented candles for $26.76 per dozen. If the candles are sold for $3.19 each, calculate the mark-up on the cost price correct to two decimal places. (1 mark)

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

Basel III, The Devil And Global Banking

Authors: D. Chorafas

2nd Edition

0230353770, 9780230353770

More Books

Students also viewed these Accounting questions

Question

Describe how childhood experiences affect self-esteem.

Answered: 1 week ago