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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 49
Solve each of the following application problems. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
COMMUNICATION EQUIPMENT A discount store purchased DVD players at a cost of $288 per dozen. If the store needs 20% of cost to cover operating expenses and 15% of cost for the net profit, what are (a) the selling price of a DVD player _____ and (b) the percent of markup on selling price? _____
COMMUNICATION EQUIPMENT A discount store purchased DVD players at a cost of $288 per dozen. If the store needs 20% of cost to cover operating expenses and 15% of cost for the net profit, what are (a) the selling price of a DVD player _____ and (b) the percent of markup on selling price? _____
Explanation
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For part (a), you need to find the selli...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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