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Home Q & A Board Science-Related Homework Help Mathematics
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ikrabbe ikrabbe
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6 years ago
An appliance store sells electric kettles at a markup of 23.6% of the selling price. The store's margin on a particular model is $7.78.
a) For how much does the store sell the kettles?
b) What was the cost of kettles to the store?
c) What is the percent markup based on cost?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
#1
6 years ago
a)    M= $7.78 and represents 23.6% of S
   7.78 = 0.236S
   S = $32.97
   Selling price is $32.97
b)    C = 32.97 - 7.78 = $25.19
c)    Rate of Markup based on cost =   = 30.8853%
wrote...
#2
4 years ago
yhank
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