Wilson Gomez manages the large screen television sales for a ...

[Jramos095]

Wilson Gomez manages the large screen television sales for a high-volume, discount appliance dealer. Large screen televisions are normally marked up only 40 based on selling price. Compute the dollar markup and the dealer's cost on a large screen television set that sells for 2,190.

Question 2

If an American import company purchased three gross (1 gross = 144) of Danish hams at a price of 14.40 krone per ham, and the Danish krone were valued at 5.0183 on the day of settlement, how much did the company pay in U.S. dollars?

[olderstudent]

Answer to Question 1

40  2,190 = 876 markup; 2,190 - 876 = 1,314 cost

Answer to Question 2

1,239.62