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Author Question: An interior decorator buys furniture at the dealer price, but he charges his clients the retail ... (Read 87 times)

itsmyluck

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on: Jun 24, 2018
An interior decorator buys furniture at the dealer price, but he charges his clients the retail price instead of charging a commission. A client pays 3,00 . for furniture that had a dealer price of 2,500 . To charge the client the same dollar amount, but calculating it as a commission, what commission rate would the decorator have to use?

Question 2

Forman and Brasso Furniture Company had ending inventory of 146,400 this year, ending inventory of 152,200 last year, and 194,400 as cost of goods sold. Compute the inventory turnover rate.


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katara

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

3,00 . - 2,500 = 500;
500 2,500 = 0.20, or 20

Answer to Question 2

1.3


itsmyluck

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Reply 2 on: Jun 24, 2018
Wow, this really help

mcarey591

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Reply 3 on: Yesterday
:D TYSM

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