Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ella buys a machine for $8,500, less discounts of 20% and 15%. The overhead expenses are 8% on cost and she plans to make a
Ella buys a machine for $8,500, less discounts of 20% and 15%. The overhead expenses are 8% on cost and she plans to make a profit of 60% on the cost. Just a quick question. Would the overhead costs not be added onto the cost price before calculating the 60% mark up? e.g. Profit on said machine = 60 %* $ 6,242.40 = $ 3,745.44 Selling price would be = $5780 +$462.40 + $3,745.44 = $13,733.28
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