Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 8.II, Problem 9RE

For the following items, calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.

							Percent		Percent
							Markup		Markup
				Amount of			Based on		Based on
Item		Cost		Markup Selling Price			Cost		Selling Price
9.	Truck		$15,449.00		______	___		___		38 %

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Chapter 8.II, Problem 8RE

Chapter 8.II, Problem 10RE

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Chapter 8 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 8.I - For the following, use the basic retailing...Ch. 8.I - For the following, use the basic retailing...Ch. 8.I - Prob. 3TIE Ch. 8.I - Prob. 4TIE Ch. 8.I - Prob. 5TIE Ch. 8.I - Prob. 6TIE Ch. 8.I - Prob. 1RE Ch. 8.I - For the following items, calculate the missing...Ch. 8.I - Prob. 3RE Ch. 8.I - For the following items, calculate the missing...

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For the following items, calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Percent Percent Markup Markup Amount of Based on Based on Item Cost Markup Selling Price Cost Selling Price 9. Truck $15,449.00 ____ _ ___ 38 %

Solution Summary: The author calculates the Selling Price, the amount of Markup, and the percent markup based on cost using the following equation.

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Chapter 8 Solutions

For the following items, calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Percent Percent Markup Markup Amount of Based on Based on Item Cost Markup Selling Price Cost Selling Price 9. Truck $15,449.00 ______ ___ ___ 38 %

Solution Summary: The author calculates the Selling Price, the amount of Markup, and the percent markup based on cost using the following equation.

Concept explainers

Videos

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Chapter 8 Solutions

For the following items, calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Percent Percent Markup Markup Amount of Based on Based on Item Cost Markup Selling Price Cost Selling Price 9. Truck $15,449.00 ____ _ ___ 38 %