A lawnmower manufacturer has a unit cost of $140 and wishes to achieve a margin of 30% basedon selling price. If the manufacturer sells directly to a retailer who then adds a set margin of 40%based on selling price, determine the retail price charged to consumers.

A lawnmower manufacturer has a unit cost of $140 and wishes to achieve a margin of 30% basedon…

Answered: A lawnmower manufacturer has a unit…

Mathematics For Machine Technology

8th Edition

ISBN:9781337798310

Author:Peterson, John.

Publisher:Peterson, John.

Chapter24: Percent Practical Applications

Section: Chapter Questions

Problem 36A: The cost of one dozen cutters is listed as $525. A multiple discount of 12% and 8% is applied to the...

See similar textbooks

Similar questions

The cost of one dozen cutters is listed as $525. A multiple discount of 12% and 8% is applied to the purchase. Determine the net (selling) price of the cutters.
Geraldine has been offered positions by two insurance companies. The first company pays a salary of $12,000 plus a commission of $100 for each policy sold. The second pays a salary of $20,000 plus a commission of $50 for each policy sold. How many policies would need to be sold to make the total pay the same?
If Jonathan has a discount of 40% and wants some shoes that cost $120 what is the total cost when he puts in the 40% ?
If he allocates equal proportion to three stocks what would be his return?
If the ratio of children to adults is 4:5 and there are 60 children at an amateur surfing competition, how many adults are in attendance?
If four cars sell for an average of $10,000 each and three of the cars sell for $8,400 each, what is the cost of the fourth car?
if a cupcake recipe calls for 4 pounds of cake flour and 2.5 pounds of sugar, what would be the baker's percentage for sugar if the recipe were converted to a formula with cake flour as the main ingredient?
If the ratio of tourists to locals is 2 : 3 and there are 40 tourists at an amateur surfing competition, how many locals are in attendance?
A customer comes into the pharmacy with two prescriptions: the first one is for a total cost of $34.00 and the second one is for a total of $155.00. She has insurance that covers 85% of her prescription costs. The dispensing fee for each prescription is $9.99 and is not covered by her insurance. What percentage value does the total dispensing fee amount to from the total prescription cost? Note that each prescription requires a separate dispensing fee.
If everything else stays the same, the margin of error can be reduced by
A watch manufacturer incurs a variable cost of $10 per watch and fixed costs of $500,000. To earn a 20 percent markup on selling price, the manufacturer would charge _____ for each of the 50,000 watches it expects to sell.

Recommended textbooks for you

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Elementary Geometry For College Students, 7e

Geometry

ISBN:

9781337614085

Author:

Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:

Cengage,

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Elementary Geometry For College Students, 7e

Geometry

ISBN:

9781337614085

Author:

Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:

Cengage,

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

A lawnmower manufacturer has a unit cost of $140 and wishes to achieve a margin of 30% based on selling price. If the manufacturer sells directly to a retailer who then adds a set margin of 40% based on selling price, determine the retail price charged to consumers.