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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 62
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 Midtown Hardware. If the EnergyMax batteries in your advertisement have a cost of $3.25,
a. What is the amount of the markup on these batteries?
b. What is your percent markup based on selling price?
c. If the vendor reduces the cost to $2.90 as a promotional trade discount this week, what is your new amount of markup and what is percent markup based on selling price?
You are the manager of Midtown Hardware. If the EnergyMax batteries in your advertisement have a cost of $3.25,
a. What is the amount of the markup on these batteries?
b. What is your percent markup based on selling price?
c. If the vendor reduces the cost to $2.90 as a promotional trade discount this week, what is your new amount of markup and what is percent markup based on selling price?
Explanation
Verified
Verified
a. Consider cost for EnergyMax batteries...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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