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Business Math Homework 7 The selling
price of lumber at Home Depot is $4,050, percent markup on cost is 30%.
Calculate the actual cost. (Round your
answer to the nearest cent.)
Join Now For Answers & Help!!! x + .3x = 4050 Join Now For Answers & Help!!! Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.)
Calculate the
total cost, total selling price and selling price per brownie. (Round your answers to the nearest cent.)
Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him £340 to make. He knows he wants 85% markup on cost. What price should Brian May ask for the guitar? Join Now For Answers & Help!!! Cecil Green sells golf hats. He knows that most people will not pay more than $18 for a golf hat. Cecil needs a 34% markup on cost. What should Cecil pay for his golf hats? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Lucky you! You went to couponcabin.com and found a 20% off coupon to your significant other's favorite store. Armed with that coupon, you went to the store only to find a storewide sale offering 10% off everything in the store. In addition, your credit card has a special offer that allows you to save 10% if you use your credit card for all purchases that day. Using your credit card, what will you pay before tax for the $155 gift you found? Use the single equivalent discount to calculate how much you save and then calculate your final price. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Savings Join Now For Answers & Help!!! Final price Join Now For Answers & Help!!! Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Delivered price Join Now For Answers & Help!!! Stacy's Dress Shop received a $1,050 invoice dated July 8 with 2/10, 1/15, n/60 terms. On July 22, Stacy's sent a $242 partial payment. (If more than one discount, assume date of last discount) a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit Join Now For Answers & Help!!! b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance Join Now For Answers & Help!!! Majestic Manufacturing sold Jordans Furniture a living room set for an $8,500 list price with 35% trade discount. The $100 freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was May 30. Jordans received the goods on July 18 and paid the invoice on July 20. What was the final price (include cost of freight) of the living room set? (Round your answer to the nearest cent.) Final price Join Now For Answers & Help!!! Sam's Ski Boards.com offers 5/4/1 chain discounts to many of its customers. The Ski Hut ordered 20 ski boards with a total list price of $1,200. a. What is the net price of the ski boards? (Do not round intermediate calculations. Round your final answer to the nearest cent.) b. What was the trade discount amount? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Net price Join Now For Answers & Help!!! Trade discount amount Join Now For Answers & Help!!! A manufacturer of skateboards offered a 5/2/1 chain discount to many customers. Bob's Sporting Goods ordered 20 skateboards for a total $625 list price. a. What was the net price of the skateboards? (Do not round intermediate calculations. Round your final answer to the nearest cent.) b. What was the trade discount amount? (Do not round intermediate calculations. Round your final answer to the nearest cent.) a. Net price Join Now For Answers & Help!!! b. Trade discount Join Now For Answers & Help!!! Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,000 list price. Bally dated the invoice July 23 with 2/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 5. On August 1, Intel Corporation returns $100 of the machinery due to defects. What does Intel pay Bally on August 5? (Round your answer to the nearest cent.) Payable amount Join Now For Answers & Help!!! Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500 receive a 10% discount, over $750 a 15% discount, over $1,000 a 20% discount. All orders $1,500 and above receive a 25% discount. The delivery charge is $75 on weekdays and $125 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $848.50. (Do not round intermediate calculations. Round your answer to the nearest cent.) a. Calculate the trade discount and the net price for the flowers to be delivered. b. How much does WeddingsRUs owe if they pay the invoice on July 10? a. Trade discount Join Now For Answers & Help!!! b. Net price Join Now For Answers & Help!!! b. payable amount Join Now For Answers & Help!!! Macy of New York sold LeeCo. of Chicago office equipment with a $6,000 list price. Sale terms were 3/10, n/30 FOB New York. Macy agreed to prepay the $30 freight. LeeCo. pays the invoice within the discount period. What does LeeCo. pay Macy? Payable amount Join Now For Answers & Help!!! Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,000 list price. Bally dated the invoice July 23 with 2/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 5. What does Intel pay Bally? Payable amount Join Now For Answers & Help!!! Boeing Truck Company received an invoice showing 8 tires at $110 each, 12 tires at $160 each, and 15 tires at $180 each. Shipping terms are FOB shipping point. Freight is $400; trade discount is 10/5; and a cash discount of 2/10, n/30 is offered. Assuming Boeing paid within the discount period, what did Boeing pay? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Payable amount Join Now For Answers & Help!!! Vail Ski Shop received a $1,201 invoice dated July 8 with 2/10, 1/15, n/60 terms. On July 22, Vail sent a $485 partial payment. (If more than one discount, assume date of last discount) a. What credit should Vail receive? (Round your answer to the nearest cent.) b. What is Vail's outstanding balance? (Round your answer to the nearest cent.) a. Credit Join Now For Answers & Help!!! b. Outstanding balance Join Now For Answers & Help!!!
The original
price of a 2015 Honda Insight to the dealer is $17,995, but the dealer
will pay only $16,495 after rebate.
If the dealer pays Honda within 15 days, there is a 1% cash discount. a. How much is the rebate? b. What percent is the rebate? (Round your answer to the nearest hundredth percent.) c. What is the amount of the cash discount if the dealer pays within 15 days? (Round your answer to the nearest cent.) d. What is the dealer's final price? (Round your answer to the nearest cent.) e. What is the dealer's total savings? (Round your answer to the nearest cent.) a. Amount of rebate Join Now For Answers & Help!!! b. What percent is the rebate? (Round your answer to the nearest hundredth percent.) Join Now For Answers & Help!!! c. What is the amount of the cash discount if the dealer pays within 15 days? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! d. What is the dealer's final price? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! e. What is the dealer's total savings? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Chapter Tests 01 02 03 04 05
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10 11 12 13 14 15 16 17 18 19 20 21 22 Unit Test 01 02 03 04
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Homework Chapter 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 Need A Tutor? Need Homework Help? On March 30, Century Television received an invoice dated March 28 from ACME Manufacturing for 50 televisions at a cost of $125 each. Century received a 10/4/2 chain discount. Shipping terms were FOB shipping point. ACME prepaid the $70 freight. Terms were 2/10 EOM. When Century received the goods, 3 sets were defective. Century returned these sets to ACME. On April 8, Century sent a $150 partial payment. Century will pay the balance on May 6. What is Century's final payment on May 6? Assume no taxes. (Round your answer to the nearest cent.) Final payment Join Now For Answers & Help!!!
The selling
price of lumber at Home Depot is $4,000, percent markup on cost is 30%.
Calculate the actual cost. (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. (Round your "Dollar markup" answer to the nearest cent and "Percent markup on cost" to the nearest hundredth percent.) Dollar Markup: 6.90 Percent markup on cost: Join Now For Answers & Help!!! Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Dollar Markup: 24 Cost: Join Now For Answers & Help!!! What is the selling price of a dining room set at Macy's? Assume actual cost is $800 and 55% markup on selling price. (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. (Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent.) Cost: 14.80 Selling Price: 49 Dollar Markup: Join Now For Answers & Help!!! Percent Mark up on selling price: Join Now For Answers & Help!!! By conversion of the markup formula, solve the following. (Round your answer to the nearest whole percent.) Percent markup on selling price 13% Percent markup on cost: Join Now For Answers & Help!!! Calculate the total cost, total selling price and selling price per brownie. (Round your answers to the nearest cent.) Item: Brownies Total quantity bought: 20 Unit cost: Join Now For Answers & Help!!! Percent that will spoil: Join Now For Answers & Help!!! Calculate the breakeven point and contribution margin. Fixed Cost: 90,000 Selling price per unit: 9. Variable cost per unit: 4. Breakeven point: Join Now For Answers & Help!!! Contribution Margin: Join Now For Answers & Help!!! Bari Jay, a gown manufacturer, received an order for prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of each gown? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him £280 to make. He knows he wants 85% markup on cost. What price should Brian May ask for the guitar? Join Now For Answers & Help!!! Cecil Green sells golf hats. He knows that most people will not pay more than $20 for a golf hat. Cecil needs a 40% markup on cost. What should Cecil pay for his golf hats? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Macy's was selling Calvin Klein jean shirts that were originally priced at $58.00 for $8.70. a. What was the amount of the markdown? (Round your answer to the nearest cent.) b. Based on the selling price, what is the percent markdown? a. Join Now For Answers & Help!!! b. Join Now For Answers & Help!!! Brownsville, Texas, boasts being the southernmost international seaport and the largest city in the lower Rio Grande Valley. Ben Supple, an importer in Brownsville, has just received a shipment of Peruvian opals that he is pricing for sale. He paid $150 for the shipment. Assume he wants a 75% markup. a. If he wants a 75% markup, calculate the selling price based on selling price. (Round your answer to the nearest cent.) b. Then calculate the selling price based on cost. (Round your answer to the nearest cent). a. Join Now For Answers & Help!!! b. Join Now For Answers & Help!!! Front Range Cabinet Distributors in Colorado Springs, Colorado, sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,655, what is the cost to contractors based on cost? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on selling price. What is the most that Misu can pay for a comforter? Join Now For Answers & Help!!! Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on cost instead of on selling price. What is Misu's cost? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost." a. What is the equivalent rate of percent markup on cost compared to the 30% markup on selling price? (Round your answer to the nearest hundredth percent.) b. Is this a wise marketing decision? a. Join Now For Answers & Help!!! b. Join Now For Answers & Help!!! DeWitt Company sells a kitchen set for $475. To promote July 4, DeWitt ran the following advertisement: Beginning each hour up to 4 hours we will mark down the kitchen set 10%. At the end of each hour, we will mark up the set 1%. Assume Ingrid Swenson buys the set 1 hour 50 minutes into the sale. a. What will Ingrid pay? (Round your answer to the nearest cent.) b. What is the markdown percent? (Round your answer to the nearest hundredth percent.) a. Join Now For Answers & Help!!! b. Join Now For Answers & Help!!! Angie's Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 10% of the cookies will crack and be discarded. Angie wants a 60% markup on cost and produces 100 cookies. What should Angie price each cookie? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Jane Corporation produces model toy cars. Each sells for $29.99. Its variable cost per unit is $14.25. Assuming it has a fixed cost of $314,800. What is the breakeven point for Jane Corporation? Join Now For Answers & Help!!! Aunt Sally's "New Orleans Most Famous Pralines" sells pralines costing $1.10 each to make. If Aunt Sally's wants a 35% markup based on selling price and produces 45 pralines with an anticipated 15% spoilage, what should each praline be sold for? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! On Black Friday 2014, Amazon.com featured a Panasonic 3D Blu-ray Player for $35 normally selling for $79. Calculate the dollar markdown and the markdown percent based on the selling price to the nearest whole percent. Join Now For Answers & Help!!! Working off an 18% margin, with markups based on cost, the Food Co-op Club boasts that it has 5,000 members and a 200% increase in sales. The markup is 36% based on cost. What would be its percent markup if selling price were the base? (Round your answer to the nearest hundredth percent.) Join Now For Answers & Help!!! At a local Bed and Bath Superstore, the manager, Jill Roe, knows her customers will pay no more than $300 for a bedspread. Jill wants a 35% markup on selling price. What is the most that Jill can pay for a bedspread? Join Now For Answers & Help!!! Jim Abbott purchased a $60,000 recreational vehicle (RV) with a 40 percent markup on selling price. a. What was the amount of the dealer's markup? b. What was the dealer's original cost? a. Join Now For Answers & Help!!! b. Join Now For Answers & Help!!! John's Smoothie Stand at Utah's Wasatch County's Demolition Derby sells bananas. If John bought 50 lbs. of bananas at $.23 per pound expecting 10% to spoil, how should he price his bananas to achieve 57% on selling price? (Round your answer to the nearest cent). Join Now For Answers & Help!!! Arley's Bakery makes fat-free cookies that cost $1.50 each. Arley expects 15% of the cookies to fall apart and be discarded. Arley wants a 45% markup on cost and produces 200 cookies. What should Arley price each cookie? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Arley's Bakery makes fat-free cookies that cost $1.50 each. Arley expects 15% of the cookies to fall apart and break. Assume that Arley can sell the broken cookies for $1.40 each. Arley wants a 45% markup on cost and produces 200 cookies. What price should Arley charge for each unbroken cookie? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! An Apple Computer store sells computers for $1,258.60. Assuming the computers cost $10,788 per dozen. a. Find the dollar markup for each computer. (Round your answer to the nearest cent.) b. Find the percent markup on cost for each computer. c. Find the percent markup on selling price for each computer. (Round your answer to the nearest hundredth percent.) a. Join Now For Answers & Help!!! b. Join Now For Answers & Help!!! c. Join Now For Answers & Help!!! Pete Corporation produces bags of peanuts. Its fixed cost is $17,280. Each bag sells for $2.99 with a unit cost of $1.55. What is Pete's breakeven point? Join Now For Answers & Help!!! Nissan Appliances bought two dozen camcorders at a cost of $4,788. The markup on the camcorders is 25% of the selling price. What was the original selling price of each camcorder? Join Now For Answers & Help!!! On July 8, 2013, Leon's Kitchen Hut bought a set of pots with a $120 list price from Lambert Manufacturing. Leon's receives a 25% trade discount. Terms of the sale were 2/10, n/30. On July 14, Leon's sent a check to Lambert for the pots. Leon's expenses are 20% of the selling price. Leon's must also make a profit of 15% of the selling price. A competitor marked down the same set of pots 30%. Assume Leon's reduces its selling price by 30%. a. What is the sale price at Kitchen Hut? (Round your answer to the nearest cent.) b. What was the operating profit or loss? (Input the amount as a positive value. Round your answer to the nearest cent.) a. Join Now For Answers & Help!!! b. Operating Loss, Join Now For Answers & Help!!! |
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