Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

A trader adds 33 (1)/(3)% to his cost price in order to arive at his selling price. If his sales for the year amounted to

A trader adds 33 (1)/(3)% to his cost price in order to arive at his selling price. If his sales for the year amounted to $24000, what was his gross profit

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

Recommended Textbook for

Diversification And Portfolio Management Of Mutual Funds

Authors: Greg N. Gregoriou

1st Edition

0230019153,0230626505

More Books

Students also viewed these Finance questions

Question

★★★★★

Based on your judgment, what do you think the project's correlation coefficient would be with respect to the general economy and thus with returns on "the market"? How would correlation with the...

Answered: 1 week ago

Question

★★★★★

Part 1: Research and Analysis 1. Based on what you have read about Pepperfry.com case, who do you think would be their best client to go after? Please make sure you are referencing your Assignment 1...

Answered: 1 week ago

Question

★★★★★

9. Suppose the total benefit derived from a given decision, Q, is B(Q) 25Q Q2 and the corresponding total cost is C(Q) 5 Q2, so that MB(Q) 25 2Q and MC(Q) 2Q. a. What is total benefit when Q ...

Answered: 1 week ago

Question

★★★★★

Your systems analysis team is close to completing a system for Meecham Feeds. Roger is quite confident that the programs that he has written for Meechams inventory system will perform as necessary,...

Answered: 1 week ago

Question

★★★★★

Andrew can afford a monthly car payment of $525 for 72 months at an annual interest rate of 8.0 percent. Which of the following is closest to the amount he will be able to borrow for a new car?...

Answered: 1 week ago

Question

★★★★★

Done in excel 2. Develop a merchandise plan based on information that follows. Sales for the six-month fall/winter season have been planned to total $650,000. Markdowns for the total season are to be...

Answered: 1 week ago

Question

★★★★★

Danica Corp. provided the following inventory balances and cost data for the month of June. Direct Materials Work in Process Finished Goods June 1 30 000 15 000 65 000 Production data for the month...

Answered: 1 week ago

Question

★★★★★

Question Completion Status: QUESTION 9 Looking at the following residual plots, what can be said about regression assumptions? Standardized residuals 0 L T 2 3 4 T -1 0 OX Normal Q-Q -2 -1 0 1 2...

Answered: 1 week ago

Question

★★★★★

Problem 1: UC Company manufactures hooded jackets. During the year, it manufactured 250,000 jackets, using 2 hours of direct labor at a rate of Php8.50 per hour. The materials and labor standards for...

Answered: 1 week ago

Question

★★★★★

read the EXECUTIVE SUMMARY (Executive Summary) of Document # 125 INNOVATION AND INDUSTRIAL POLICIES FOR GREEN HYDROGEN: Executive summary: The recent commitments to carbon neutrality by 2050 have put...

Answered: 1 week ago

Question

★★★★★

Please read this news articles on supply chain disruption because of the movement control order restrictions....

Answered: 1 week ago

Previous Question Next Question