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Author Question: Hagen Banse is a landscape contractor. He charges less for labor than other contractors, but he ... (Read 60 times)

nevelica

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on: Jun 24, 2018
Hagen Banse is a landscape contractor. He charges less for labor than other contractors, but he charges his clients the retail price for a plant while he pays only a wholesale price. Hagen charges a client 450 for an olive tree that only costs him 250 . What is the markup percent based on cost?

Question 2

If the Brazilian real is valued at 1.7438 per U.S. dollar, compute the amount of Brazilian reals one could purchase for 100 in U.S. currency.


bd5255

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

450 - 250 = 200 dollar markup
200  250 = 0.8 = 80 markup percent based on cost

Answer to Question 2

174.38 Brazilian reals


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