Author Question: Clark Thomas wants to purchase a side table for his home. Clark found one that is selling for 450 . ... (Read 102 times)

tiffannnnyyyyyy · **on:** Jun 24, 2018

Clark Thomas wants to purchase a side table for his home. Clark found one that is selling for 450 . Through a friend, Clark learns that the dealer's cost of this side table is 300.00 . Find the dealer's markup percent based on selling price.

Question 2

If the British pound is valued at 0.507949 per U.S. dollar, how much would an American import company pay in U.S. dollars for merchandise valued at 789,400 pounds?

ecox1012 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

450 - 300 = 150 dollar markup;
150 450 = 0.33 = 33 markup percent based on selling price

Answer to Question 2

1,554,093.03