An interior decorator buys furniture at the dealer price, but he ...

[itsmyluck]

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.

[katara]

Answer to Question 1

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

Answer to Question 2

1.3

[itsmyluck]

Thanks for the timely response, appreciate it

[ghepp]

Wow, this really help