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Standard Appliances obtains refrigerators for $1,550 less 27% and 9%. Standard's overhead is 16% of the selling price of $1,625. A scratched demonstrator unit from
Standard Appliances obtains refrigerators for $1,550 less 27% and 9%. Standard's overhead is 16% of the selling price of $1,625. A scratched demonstrator unit from their floor display was cleared out for $1,280.
a. What is the regular rate of markup on cost?
%
b. What is the rate of markdown on the demonstrator unit?
%
c. What is the operating profit or loss on the demostrator unit?
d. What is the rate of markup on cost that was actually realized?
%
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