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Author Question: Which of the following formulas is correct for calculating the selling price of an item when the ... (Read 102 times)

joesmith1212

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on: Jun 24, 2018
Which of the following formulas is correct for calculating the selling price of an item when the cost and the markup rate is known? P is the markup amount, B is the cost, and R is the markup rate.
 a. B  P = R; then add the cost and the markup for the selling price.
 
  b. B  P = R; then subtract the cost and the markup for the selling price.
 
  c. B  R = P; then subtract the cost and the markup for the selling price.
 
  d. B  R = P; then add the cost and the markup for the selling price.

Question 2

Many of the most successful applications of optimization in the real world have been in the areas of scheduling, blending, logistics, and aggregate planning.
 a. True
  b. False
   Indicate whether the statement is true or false


Anna

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

d

Answer to Question 2

TRUE


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joesmith1212

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Reply #2 on: Jun 24, 2018
Thank you


Anna

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Reply #3 on: Jun 24, 2018
No problemo


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