23. Mrs. Racelis, an entrepreneur, purchased 500 bags of cement at P 240 per bag If she sold 500 bags at P 35,000.Compute for the percentage of gross margin. a.45.71% b. 55.5% c.42.1% d.31.45% 24.A final price after deducting all discounts and rebates
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A: Operating profit is the profit which is obtained deducting expense from sales.
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A: Profit is earned when the business earns more sales revenue than the cost of sale.
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A: "Since you have asked multiple questions, we will solve the first question for you". If you want any…
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A: Note: Since you have posted multiple questions, we will solve the first question. Please submit a…
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A: Total sales = no. of units sold x sales price per unit = 7 units x $9 per unit = $63
Q: A wholesaler sells a guitar for $1,396.20. What is the percent markup based on cost if the…
A: The markup reveals how much greater a firm's selling price is over the item's cost to the business.…
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A:
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A: Part (A): Markup is the gap between the cost price and the selling price. Selling price is the…
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A:
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A: Handling costs: It refers to the expenses incurred related to the shipment, transportation, and…
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A: Gross profit means the difference between the sale revenue and cost of goods sold where as operating…
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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
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A: Given: Purchased Flashlight batteries = $0.89×3= $2.67 2 rolls of film = $1.99×2 = $3.98 Sold 2…
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A: Markup = Sales price - Cost price = $1427.40 - $780 = $647.40
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A: Income statement: It refers to a financial statement that presents all the income earned by the…
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A: The VAT stands for value added tax to be paid to government.
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A:
Q: lle went to Baguio and bought 20 jars of strawberry jam discount. When she got back to Manila, she…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: 4.A wholesaler sells a guitar for $1,396.20. What is the percent markup based on cost if the…
A: Profit is an important source to generate the internal finances for the business or any individual.…
Q: 3.) A wholesaler sells a guitar for $1,396.20. What is the percent markup based on cost if the…
A: Markup is the difference between a product's selling price and a cost as a percentage of the cost.…
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- Home Depot sells a couch for $250.50. The dollar amount of markup on the couch is $95.72. Round all dollar values to two decimal places and percentages to two decimals (i. e 34.56%). a. What is the cost to Home Depot? [1 pt] b. What is the markup on selling percentage? 1ptIf cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.2 A storekeeper bought merchandise for $2940. If she sells the merchandise at 16% above cost, how much gross profit does she make? Her gross profit is $ (Type an integer or a decimal)
- a. For how much does Nicolas Appliance Center sell an electric fan? 2. Nicolas Appliance Center has purchased electric fans for Php 800 eac The electric fans are marked up 48% of the selling price. b. What is the rate of markup based on cost?b. Sarah purchases a set of furniture for RM3956.52 and sells it at X ringgit. If the operating expenses are 15% of the cost and the net profit is 35% on the retail price compute the: i. value of X ii. breakeven price iii. maximum markdown percent that could be offered without incurring any loss. iv. net profit or loss of Sarah sells at RM 4220.Required information [The following information applies to the questions displayed below.] Foster Supplies is a wholesaler of hair supplies. Foster Supplies uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $34,917). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $390). c. Sold merchandise (costing $9,595) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $310) after year-end from sales made during the year. $ 62,080 420 20,200 10,100 194 430
- 1. Sales slip for Ron Wilson. Electric drill for $49.50. Drill bits for $18.50. Sales tax rate of 5%. What is the total purchase price?Joel, a florist, buys and sells flowers at his store. He purchases roses at $3.00 each, has operating expenses of 22% on cost, and has profits of 100% on cost. Calculate the following. a. Desired profit per rose: Round to the nearest cent b. Amount of markup: Round to the nearest cent G Selling price: Roundte the neareat.cent d. Rate of markup on selling price: Reundte n amal plar6.A carpet store sells designer rugs at retail for $845.58. If a 50% markup based on cost is added, what is the cost (in $) of the designer rugs? $
- 2. Sales slip for Judy Henry. Blender for $109.50. Canister set for $39.95. Sales tax rate of 4.5%. What is the total purchase price?The rate of markup on cost on a product selling at $66.45 is 41%. a. What is the cost of the product to the retailer? Round to the nearest cent b. What is the rate of markup on selling price? % Round to two decimal placesIvy purchases phones for $260.50 each and is selling them for $330.00 each. a. What is the rate of markup on cost? % Round to two decimal places b. What is the rate of markup on selling price?