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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 112
Solve the following application problem. Round rates to the nearest whole percent and dollar amounts to the nearest cent.
ANTIQUES American Antiques paid $153.49 for a fern stand. The original selling price was $208.78, but this was marked down 46% in order to make room for incoming merchandise. If operating expenses are 14.9% of cost, find (a) the operating loss _____ and (b) the absolute loss. _____
ANTIQUES American Antiques paid $153.49 for a fern stand. The original selling price was $208.78, but this was marked down 46% in order to make room for incoming merchandise. If operating expenses are 14.9% of cost, find (a) the operating loss _____ and (b) the absolute loss. _____
Explanation
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It is given that the cost is $153.49
Si...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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