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Author Question: Omar Davies owns a large sporting goods store with several departments, one of which sells only ... (Read 55 times)

TFauchery

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on: Jun 24, 2018
Omar Davies owns a large sporting goods store with several departments, one of which sells only camping equipment. Omar buys one model of portable gas stove for 60 . During the camping season, Omar sells the stove for 187.50 . What is the markup percent based on selling price?

Question 2

If the Danish krone is listed under Foreign Currency in dollars as 0.199271, compute the amount of U.S. dollars necessary to buy 100 Danish krone.


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canderson530

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

187.50 - 60 = 127.50 dollar markup
127.50  187.50 = 0.68 = 68 markup percent based on selling price

Answer to Question 2

19.93


TFauchery

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

vickybb89

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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