FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A bookstore sets selling prices to be 20% more than their cost. What percent of the selling price is their cost?
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- A dealer bought personal computers for $1850 less 32%, and 17%. They were sold for $1575. What was the markup as a percent of the cost?arrow_forwardA home decorating store carries handmade floor tile with a markup of 31% on the selling price. If the tile has a markup of $1.58 per tile, find the selling price, the cost, and the cost as a percent of the selling price.arrow_forwardA wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? % Need Help? Read It Watch It Master Itarrow_forward
- Calculate the total cost, total selling price and selling price per brownie. Note: Round your answers to the nearest cent. Item Brownies Total quantity bought Unit cost 10 $ 0.95 Total cost Percent markup on cost 70 % Total selling price Percent that will spoil 10 % Selling price per browniearrow_forwardThe amount of markup on a store item is $11. Find the cost to the store if the markup is 20%.arrow_forward
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