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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 33
Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
You are the manager of The Camera Connection. Use the advertisement for your store to answer the following questions.
a. If the PowerShooter 1800 is marked up by $58.50, what is the cost and what is the percent markup on cost?
b. If the CyberShooter 2400 has a cost of $88.00 what are the amount of the markup and the percent markup on cost?
c. Which camera is more "profitable" to the store? Why?
d. What other factors should be considered in determining profitability?
You are the manager of The Camera Connection. Use the advertisement for your store to answer the following questions.
a. If the PowerShooter 1800 is marked up by $58.50, what is the cost and what is the percent markup on cost?
b. If the CyberShooter 2400 has a cost of $88.00 what are the amount of the markup and the percent markup on cost?
c. Which camera is more "profitable" to the store? Why?
d. What other factors should be considered in determining profitability?
Explanation
Verified
Verified
a)
The markup for PW
is
and selling...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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