
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Standard Appliances obtains
refrigerators for $1,640 less 26% and
7%. Standard's overhead is 17% of the
selling price of $1,670. A scratched
demonstrator unit from their floor
display was cleared out for $1,350.
a. What is the regular rate of markup
on cost?
47.96
%
Round to two decimal places
b. What is the rate of markdown on the
demonstrator unit?
Round to two decimal places
c. What is the operating profit or loss
on the demostrator unit?
Round to the nearest cent
d. What is the rate of markup on cost
that was actually realized?
%
Round to two decimal places
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