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

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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
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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