Question
Hi, Could you please help me these questions? Thanks a lot Question 1 Cameron owns a successful furniture distribution store. He purchases dining table sets
Hi, Could you please help me these questions? Thanks a lot
Question 1
Cameron owns a successful furniture distribution store. He purchases dining table sets at $240 each from a wholesaler and sells them after a markup of 110% of the cost. Every summer he runs a seasonal sale and offers a markdown of 30%.
a.Calculate the regular selling price of the set.
Round to the nearest cent
b.Calculate the reduced selling price of the set. ($, round to nearest cent)
Question 2
Compu Fit Outlet buys portable hard-disks for $520 each and has a rate of markup of 55% of the selling price. During a sale, it offers a markdown of 75%.
a.Calculate the regular selling price.
b.Calculate the reduced selling price.
($, round to nearest cent)
Question 3
Tara purchases office furniture from a wholesaler listed at $1,000, less discounts of 25% and 8%. She has overhead expenses of 20% of the cost and wants to have an operating profit of 50% of the cost.
a.Calculate the regular selling price of the office furniture.
b.After listing the furniture for one month, she marked it down by 19%. Calculate the profit or loss that she made at the reduced selling price. ($, round to nearest cent)
c.What is the maximum rate of markdown that she can offer so that she breaks even on the sale? (%, Round to two decimal places)
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