A Soccer Ball is marked up $16, which is 45 percent of the cost. (ii) Find the selling price.
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Question 4
A Soccer Ball is marked up $16, which is 45 percent of the cost.
(ii) Find the selling price.
Step by step
Solved in 2 steps
- Assume that markup is based on cost. Calculate the cost and selling price. Note: Round your answers to the nearest cent. Cost Selling price Dollar markup $ 6.00 Percent markup on cost 101.69 %Question 2 The sale price of a product is $80, which is 25% off the regular selling price. Find the regular selling price. Answer = $ > Next Question (rounded to the nearest cent)QUESTION 5 What is the selling price on a product with a cost of $32 and a markup of 20% of cost?
- Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Selling price Dollar Item Markup percent Cost markup Canon scanner 2$ 105 40 %6 erasers cost $6.60 Which equation would help determine the cost of 3 erasers?QUESTION 1 If the mark-up on cost is 20%, please and the selling price(Excl. VAT) is R600, which of the following amounts is the correct Cost Price(Excl. VAT)? O A. R100 OB. R580 O C. R575 O D. R500 QUESTION 2 Which one of the following statements with respect to VAT is false? O A. There is no indication of a VAT charge next to zero-rated item listed on an invoice. O B. In general, no input VAT claim is allowed by SARS on the purchase of a double-cab delivery vehicle. O C. The buyer of zero rated supplies will not get any refund from SARS for buying usch an item. O D. If a vendor sells only VAT exempt supplies, it may not register for VAT.
- QUESTION 4 10 points Save Answer The retailer price of a refrigiretor is £761. If the manufacturer gains 12%, the wholesale dealer gains 16% and the retailer gains 26%, what is the cost of the product? (Round your answer to the nearest penny). AlL Auguers to saue all ansuers Save All Answers Save and SubmitAssume in each case that the selling expenses are $9 per unit and that the normal profit is $6 per unit. Calculate the limits for each case. Then enter the amount that should be used for lower of cost or market. Selling Price Upper Limit Replacement Cost Lower Limit Cost LCM (a) $63 $ $44 $ $53 $ (b) 52 35 39 (c) 59 44 45 (d) 54 38 36Question 14 The Cook's Paradise paid $67 for a kitchen knife set. Expenses are 15% of cost and the profit is 17% of cost. Round the answers to the nearest cent if necessary. 1) What is the regular selling price? 2) To help clear inventory, the knife set was sold at break-even during a sale. What is the break-even selling price? > Next Question
- Question 7 Text Tech has bought a product from their supplier for $2,372 with discounts of 30% and 5%. For full marks your answer(s) should be rounded to the nearest cent. a) What is the cost of the product to Text Tech? Unit cost = $ 0.00 b) If Text Tech has an overhead of 30% of cost, then what is the overhead per unit? Overhead per unit = $ 0.00 c) When Text Tech reduced its operating profit to 5% of the cost to establish a reduced selling price, it resulted in a markdown of 40%. What is the sale price (reduced price) of the product? Sale price = $ 0.00 d) What is the regular selling price of the product? Selling price = $ 0.00Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on cost" to the nearest hundredth percent. Cost 16.40 Selling price 24.60 Dollar markup Percent markup on cost %Give typing answer with explanation and conclusion unit rate of selling 3 jars ror 24.50 what is the unit rate?