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Home Q & A Board Science-Related Homework Help Mathematics
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majarm majarm
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6 years ago
A bed and bedding store sold a futon regularly priced for $330.00 for $240.00. The futon was originally purchased for $200.00 less 60%. The store's overhead is 25% of the regular selling price.
a) Calculate the rate of markdown at which the futon was sold.
b) Calculate the operating profit or loss at the sale price.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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#1
6 years ago
a) Markdown = 330 - 240 = $90.
   Rate of markdown =   × 100 = 27.2727%
b) C = 200(1 - 0.6) = $80
   Overhead E = 0.25 (330) = $82.50
   S = C + E + P
   240 = 80 + 82.50 + P
   P = 240 - 80 - 82.50
   P = $77.50
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