Mathematics Business and Finance100

MBF100

Q1A computer assembly firm purchases computer parts at $215 per computer. The operating expenses are 22% on cost and rate of markup is 56% on cost.

a.What is the selling price of each computer?

Round to the nearest cent

b.What is the operating profit per computer?

Round to the nearest cent

Q2 Rolf's Golf store sells golf balls for $33 per dozen. The store's overhead expenses are 29% of cost and the owners require a profit of 18% of cost.

a.How much does Rolf's Golf store buy the golf balls for?

$per dozen Round to the nearest cent

b.What is the price needed to cover all the costs and expenses?

$Round to the nearest cent

c.What is the highest rate of markdown at which the store will still break even?

%Round to two decimal places