This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An item costs 1,095 and the selling price is 1,292.10. How is the markup rate ... (Read 137 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jun 24, 2018
An item costs 1,095 and the selling price is 1,292.10. How is the markup rate calculated?

Question 2

The cost of a hardcover book is 7.50. The markup rate is 25. What is the selling price?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #1 on: Jun 24, 2018
Answer to Question 1

Subtract the cost from the selling price to find the markup amount, then divide the markup amount by the cost to get the markup rate.

Answer to Question 2

9.38;
7.50  0.25 = 1.88; 7.50 + 1.88 = 9.38


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jun 24, 2018
Gracias!

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Effects of growth rate on development. Effects of growth rate on development.
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Acceptable ranges of respiratory rate Acceptable ranges of respiratory rate
Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ... Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ...
How to solve rate problems leading to fractional equations (Question 1) How to solve rate problems leading to fractional equations (Question 1)
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library