Author Question: Lisa and Joseph own a lighting store. Last year, their net profit was 245,000. If last year's ... (Read 33 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
Lisa and Joseph own a lighting store. Last year, their net profit was 245,000. If last year's operating costs were 629,501, what were last year's gross profits?

Question 2

An item has a retail price of 35.99. If the markup amount is 11.19, what is the cost?



pikon

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

874,501;
629,501 + 245,000 = 874,501

Answer to Question 2

24.80;
35.99 - 11.19 = 24.80



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

For a complete list of videos, visit our video library