Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Fill in the blanks in the following table. Round your answers to 2 decimal places. Cost ($) Amount of Markup ($) Selling Price ($) Rate
Fill in the blanks in the following table. Round your answers to 2 decimal places.
Cost ($) | Amount of Markup ($) | Selling Price ($) | Rate of Markup on cost (%) | Rate of Markup on Selling Price (%) | Amount of Markdown ($) | Rate of Markdown (%) | Reduced Selling Price ($) | |
a. | $241.50 | $72.50 | $41.75 | |||||
b. | $826.57 | $224.50 | 21.00% | |||||
c. | $74.00 | 8.00% | $155.00 | |||||
d. | $3.25 | 32.00% | $2.25 | |||||
e. | $134.25 | 30.00% | 22.00% | |||||
f. | $8,730.00 | 37.00% | $7,538.00 |
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