Business Math ? Bus Math? Can You Help?
The cost of a bookcase was $70.00. Overhead associated with the bookcase was $10.00. Markup on the bookcase was 80% of cost. The merchant marked the bookcase down by 25% for a sale. If the bookcase sold at this sale price, how did the merchant come out on the bookcase? A. Breakeven b. Operating profit c. Absolute loss d. Operating loss
2 Answers - Sort by: Date | Rating
Cost = 70
markup = 80% of cost = 80% of 70 = .8(70) = 56
regular price = cost + markup = 70 + 56 = 126
sale price = regular price * (1 - 25%) = .75(regular price)
= .75(126) = 94.50
profit = selling price - cost = 94.50 - 70 = 24.50
operating profit = profit - overhead = 24.50 - 10 = 14.50
The merchant came out of the deal with an operating profit.
The merchant could have marked it down 36.5% and still come out ahead.
markup = 80% of cost = 80% of 70 = .8(70) = 56
regular price = cost + markup = 70 + 56 = 126
sale price = regular price * (1 - 25%) = .75(regular price)
= .75(126) = 94.50
profit = selling price - cost = 94.50 - 70 = 24.50
operating profit = profit - overhead = 24.50 - 10 = 14.50
The merchant came out of the deal with an operating profit.
The merchant could have marked it down 36.5% and still come out ahead.
1
0
A jewelry maker incurs casts for a necklace according to
c(x)=35x+1650
if the revenue for the necklaces is
r(x)=85x
how many necklaces must be sold to break even?
c(x)=35x+1650
if the revenue for the necklaces is
r(x)=85x
how many necklaces must be sold to break even?
0
0
Guest
answered 8 months ago
- What Are The Job Description Of Dinning Person?
- Can You Give Sample Of A Name Group?
- What Influence Did The Usa Have In Ww2?
- Find The Volume Of A Cylinder With A Height Of 4 Centimeters And A Radius Of 2 Centimeters?
- Who Sings Sail Away?
- What Are The Least Important Guidelines For Formatting A Paper?
- What Is Our Immediate Environment?
- How To Do Math Patterns?
- Is The Sti Line,line And Staff Or Functional?why?
- It Is The Department Of Education, Which Is Left To The State?
- If You Use Your Time Wisely, Which Chore Can You Finish In 30 Minutes?
- How To Make A Pictograph Online?
- What Kind A Of Party Cost 3500 To 8000?
- Which Performance Appraisal Method Is Most Likely Used By New Aged Communications Managers?
- Who Influence You The Most?
- "Picture" Was On The Charts In 2003 By Which Artist?
- Why India Is Not Calculating Inflation On Consumer Price Index?
- Bookings 93,720.fixed Overheads 67,400.price 710.variable Cost 28,380? Break Even
- Some Critics Of Tax Increases On Cigarettes Suggest That An Increase In The Tax Will Reduce The Revenue That The Government Collects. For Low- And Middle-income Countries, Is This Likely? (Assume That Taxes Account For One Half Of The Retail Price Of
- What Are The Differences Between Strategic Intent And Strategic Mission?
- What Kind Of Environment Can You Find In The Area That Surrounds The University Of Arizona?
New Comment - Comments are editable for 5 min.