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An office supply store purchases desks to sell in its store for $531 per desk, less trade discounts of 17% and 8%. The store's expenses
An office supply store purchases desks to sell in its store for $531 per desk, less trade discounts of 17% and 8%. The store's expenses are 27% of the selling price and the profit is 16% of the selling price.
- How much did it cost to the store to purchase each desk? Enter your answer in blank #1. (Round your answer to 2 decimal places and include the $ sign.)
- What is the selling price of each desk? Enter your answer in blank #2. (Round your answer to 2 decimal places and include the $ sign.)
- How much profit will the store make per desk sold? Enter your answer in blank #3. (Round your answer to 2 decimal places and include the $ sign.)
- What is the rate of markup on cost? Enter your answer in blank #4. (Enter your answer as a percent, rounded to 2 decimal places, and include the % sign).
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