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Author Question: Henry Donaldson sold kitchen equipment to homeowners although he made his store appear as if it were ... (Read 119 times)

JMatthes

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on: Jun 24, 2018
Henry Donaldson sold kitchen equipment to homeowners although he made his store appear as if it were a restaurant supply store. Henry was selling a meat slicing machine for 480 and it had cost him 168 . What was the percent markup percent based on selling price?

Question 2

If the Danish krone is valued at 5.0183 per U.S. dollar, how many dollars would be required to purchase a Danish rail ticket costing 748.50 Danish krone?


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k2629

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

480 - 168 = 312 dollar markup;
312  480 = 0.65 = 65 markup percent based on selling price

Answer to Question 2

149.15


JMatthes

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

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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