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Home Q & A Board Science-Related Homework Help Mathematics
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rbowen87 rbowen87
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A year ago
Furniture Warehouse bought upright freezers for $1800 less 33⅓% and 5%. The store's overhead works out to 30% of cost. The freezers are initially priced so that a profit of 16⅔% of cost will be realized when a freezer is sold at a "15% off" price.

a) Rounded to the nearest %, what is the initial full rate of markup on cost?
b) During its Scratch-and-Save sale, customers qualify for an extra discount of either 5%, 7%, or 10%. This extra discount appears when the customer scratches a ticket at the time of a purchase. It is added to the basic 15% discount, making the combined discount 20%, 22%, or 25%, respectively. What is the store's profit or loss per freezer at each of these discounts?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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collegelife_288collegelife_288
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A year ago
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