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Author Question: A retailer tracks their merchandise in a spreadsheet. Cost is in Column A, Markup Rate is in Column ... (Read 121 times)

karlynnae

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  • Posts: 599
on: Jun 24, 2018
A retailer tracks their merchandise in a spreadsheet. Cost is in Column A, Markup Rate is in Column B, Markup Amount is in Column C, and Selling Price is in Column D. If the cost of an item and its markup rate are in Row 3, which is the formula to calculate markup amount?
 a. =A3(1-B3)
 
  b. =B3+C3
 
  c. =A3B3
 
  d. =B3/A3

Question 2

Which of the following is a type of constraint often required in blending problems?
 a. integer constraint
  b. binary constraint
  c. quality constraint
  d. none of these choices


mmpiza

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

c

Answer to Question 2

c


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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
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