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Author Question: As a source of income after retirement, Ian Donnelly sells an assortment of hard-to-find, specialty ... (Read 102 times)

washai

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on: Jun 24, 2018
As a source of income after retirement, Ian Donnelly sells an assortment of hard-to-find, specialty hardware items out of his home. Ian buys a pair of small ratchet-style pruning clippers for 15 each and sells them for 45 each. What is the markup percent based on selling price?

Question 2

If the euro is valued at 1.4851 in U.S. dollars, compute the value in U.S. currency of 5,00 . euro.


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smrtceo

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Reply #1 on: Jun 24, 2018
Answer to Question 1

45 - 15 = 30 dollar markup;
30  45 = 0.667 = 66.7 markup percent based on selling price

Answer to Question 2

7,425.50


washai

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

marict

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Reply 3 on: Yesterday
Excellent

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