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Author Question: Near the city park, Wendi Haskell opened a bicycle shop where she rents and sells both mountain and ... (Read 294 times)

notis

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on: Jun 24, 2018
Near the city park, Wendi Haskell opened a bicycle shop where she rents and sells both mountain and road racing bikes. Wendi buys her rental mountain bikes from a local manufacturer whose cost is 180 for each bike. If Wendi pays 315 for each bike, what is the manufacturer's markup percent based on its cost?

Question 2

If the U.S. dollar is valued at 0.199271 per Danish krone, how many dollars would a company pay to purchase merchandise from Denmark costing 70,148 Danish krone?


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Ksh22

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

315 - 180 = 135 manufacturer's dollar markup;
135  180 = 0.75 = 75 markup percent based on cost

Answer to Question 2

13,978.46


notis

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Reply #2 on: Jun 24, 2018
Thank you


Ksh22

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Reply #3 on: Jun 24, 2018
No problemo


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