- Mark needs to know certain values for his business.
a. Omega Industries reported that their markup rate on cost was 23%. However, you would like to know their markup rate on selling price. Do you have sufficient information to calculate it? If yes, calculate it.
b. What is a single rate of discount which is equivalent to a series of three discounts of 5%, 10%, 15%?
c. The regular selling price of a product is $229. The overhead expenses are 8% of the cost and the required profit is 11% of the cost. Calculate the cost of the product.
d. A TV at Alpha Electronics was sold for $1560, less 5%, 10%. The same TV was sold at Betta Electronics for $1,200. What further discount must Alpha Electronics offer to match the price of Betta Electronics?
e. Stratus Inc. purchased equipment for $18,500 and received an invoice with terms 4/10, 3/30, n/45. If Stratus Inc. decided to pay the full price on the 15th day of the invoice date, how much must it pay?
- Mark needs to know certain values for his business.
a. Omega Industries reported that their markup rate on cost was 23%. However, you would like to know their markup rate on selling price. Do you have sufficient information to calculate it? If yes, calculate it.
b. What is a single rate of discount which is equivalent to a series of three discounts of 5%, 10%, 15%?
c. The regular selling price of a product is $229. The overhead expenses are 8% of the cost and the required profit is 11% of the cost. Calculate the cost of the product.
d. A TV at Alpha Electronics was sold for $1560, less 5%, 10%. The same TV was sold at Betta Electronics for $1,200. What further discount must Alpha Electronics offer to match the price of Betta Electronics?
e. Stratus Inc. purchased equipment for $18,500 and received an invoice with terms 4/10, 3/30, n/45. If Stratus Inc. decided to pay the full price on the 15th day of the invoice date, how much must it pay?
