James Page works in a local music store where he sells guitars for $144.79 each. If he maintains a markup of 42.4% on selling price, what is the cost of a guitar to James? A. $228.19 B. $83.40 C. $206.18 D. $61.39
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- George is car salesman and earns a 5% commission how much commission will be earn if he sells 4 cars at the following prices? $27,800 $31,600 $33,900 $41,200Sadia sells car first aid kits by mail order. The cost to her of each kit purchased from the manufacturer is £12.50. Her selling price per kit is £18.25. At the beginning of August 20X1 she has 180 kits in inventory. She sells 250 kits during August 20X1 and has 153 left in inventory at the end of the month. What is Sadia’s gross profit for the month of August 20X1? A. £1 437.50 B. £4 562.50 C. £1 282.25 D. £2 787.50None
- 10. A furniture company allows customers to purchase household furnishings with an in-store loan, pay with cash or a credit card, or Rent-To-Own with a lease agreement. A customer chooses furniture worth $3,225.00 including tax and chooses to Rent-To-Own. Rent to Own Furniture Warehouse ● ● No down payment is required. The monthly lease payment is $156.99 for 2 years. a. Calculate the total cost to own the furniture using the Rent-To-Own option. b. What the amount of the finance charge on this purchase? Caza O OM3:TMBMike purchases a bicycle costing $176.70. State taxes are 5% and local sales taxes are 2%. The store charges $30 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.)B. Manuel Romo sells tires at the local shopping mall. Romo earns 20 percent commission on the first $500, 25 percent on the next $1,000, and 30 percent on sales over $1,500. Last weekend he sold $1,940 worth of tires. What is his total commission? 4. Tunisia Buehrer sells sporting goods equipment. Buehrer earns 5 percent commission on the first $6,000, 7t percent on the next $6,000, and 10 percent on sales over $12,000. Her total sales for the month are $14,640. What is her total commission?
- 2. DETAILS BRECMBC9 18.L.015.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Mike purchases a bicycle costing $178.70. State taxes are 5% and local sales taxes are 3%. The store charges s20 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.) Need Help? Read Wh Master Submit AnsweKaren sold 38 laptops at the price of 250 RO per laptop. if he receives a commission rate of 15% of sales, What commission did he earn? Select one: a. 1350 O b. 37.5 O c. 287.5 O d. 14254 Suppose the following table applies to the manufacture of wooden desks: Agent Purchase Price Sale Price Value Added Tax Paid (VAT=30%) Logger $0 $55 _________ _________ Manufacturer $55 $150 _________ _________ Retailer $150 $350 __________ _________ a. Complete the table assuming a value-added tax of 30% (subtraction method). What is the total tax revenue? b. How does this revenue compare to a sales tax of 30% levied only on the retailer? Which of the two tax collection methods is easier to avoid? Why?
- LC206. Shima is a carpet retailer. She can buy carpet from a wholesaler for a list price of OMR 22 per yard. If Shima receives a series discount of 20/10, what is her net price? OMR 15.84 OMR 6.16 OMR 7.16 OMR 22.28At Lowe's, each contractor receives 5% discount for his purchases. A contractor buys a saw which is listed at $149 less 10% What is the actul price paid by the contractor? Select one: A. $127.40 B. $134.10 C. $141.55 D. $128.68 E. $129Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC for 5 years. She then started her own business named THE BEST OMANI DATES. She purchased different types of Omani dates from a manufacturer and sells wholesale and retail traders across Oman. Her terms of credit are 3/10, n/60 for all customers. The business will give 5% trade discount only for wholesale customers and 2% of cash discount for immediate cash payment. Her selling price of Dates per kg is OMR 3 for all the customers. Which of the following is termed as Trade Discount? a. It is not given for any customers b. It is given for immediate payment c. It is given for retail customers only d. It is given for the customers who buys large quantities