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Author Question: Clark Thomas wants to purchase a side table for his home. Clark found one that is selling for 450 . ... (Read 145 times)

tiffannnnyyyyyy

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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?


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ecox1012

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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


tiffannnnyyyyyy

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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