Question
Circut World purchased 205 monitors at $125 each and marked them up at 36.00% of the cost and sold 90 of them at the regular
Circut World purchased 205 monitors at $125 each and marked them up at 36.00% of the cost and sold 90 of them at the regular selling price. During a sale, it sold the remaining monitors at a markdown of 30.00%. (Question relates to Mathematics of Business and Finance)
a. What is the total cost of the monitors? __________________ Round to the nearest cent
b. What are the total sales of the monitors at the two different prices? _____________ Round to the nearest cent
c. What is the net rate of markup based on total cost? % ______________ Round to two decimal places
d. What is the net rate of markup based on total sales? % _____________________Round to two decimal places
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