A clothing merchant purchases a shipment of clothes for $37,000.00 with discounts of8.00% and 6.00%. He sells it to a customer at a price which includes 20.00% profit onselling price and overhead expenses of 24.00% on selling price.a. How much did it cost him to purchase the container of clothes?Round to the nearest centb. What was the selling price of the container of clothes?Round to the nearest cent

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Answered: A clothing merchant purchases a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Suppose your friend wins the lottery and is thinking of buying a new Tesla for around $125,980. The taxes on this vehicle will total $9,133.55. What is the effective tax rate that your friend is paying on the Tesla? 92.75% 13.79% 12.79% 7.25%
A manufacturing company has to produce and sell 228 items every month to break even. The company's fixed costs are $2,248.50 per month and variable costs are $11.00 per item. a. What is the total revenue at the break-even point? Round to the nearest cent b. What is the selling price per item? Round to the nearest cent.
Rachel purchased dress shirts to sell in his clothing store that has overhead expenses equal to 15.00% of costs. To make a profit of 16.00% of the cost, he sells them at a regular price of $60.00 each. a. What rate of markdown is required to sell the shirts at break-even? b. What rate of markdown is required to sell the shirts at cost?
A. $50.38 B. $41.98 C. $38.96
Rolf's Golf store sells golf balls for $35 per dozen. The store's overhead expenses are 28% of cost and the owners require a profit of 21% 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. d. What markdown rate would price the golf balls at cost? Round to two decimal places.
A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 8% and 4%. He sells it to a customer at a price which includes 21% profit on selling price and overhead expenses of 24% on selling price. a. How much did it cost him to purchase the container of clothes? b. What was the selling price of the container of clothes? c. Calculate the break-even selling price.
You’ve purchased a case of Kraken Rum that contains 12, 750mL bottles. The case costs $264.00. You will be serving the rum in 1.75 oz. servings.a.How many servings can be obtained from this case?b.If each drink sells for $12.00, then what is the Beverage Cost Percent? (1 decimal place).
The rate of markup on cost on a product selling at $69.16 is 44%. 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 places
7. Mrs. Smith is a car sales agent. She is paid a monthly salary of $700 plus commission. Last month she sold a car valued at $23,000, earning a 15% commission on sale. How much was her total pay for the month? [3] Answer
2. Jack sold a t-shirt for $100, he made a profit percentage of 25%. Calculate: a. The cost price of the t-shirt b. The amount of profit Jack made. 3. James is a friend of the grocery store owner, the owner allocates to James' name, a special discount of 2% whenever he shops at the store. If James' total $156.20 calculate whether or not James' total would be under $150.00 after the discount. 4. Jake buys a shirt marked at $80. He receives a 10 per cent discount. How much does he pay for the shirt? Section 4 (Measurement) 1. Calculate the are and perimeter of a square with sides 8 cm. 2. Calculate volume of a cube with side 15 m.

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