A merchant realizes a markup of $42 by selling an item at a markup of 37.5% of cost. The merchant's overhead expenses are 17.5% of the regular selling price. At a promotional sale, the item was reduced in price to $121.66.
(a) What is the regular selling price?
(b) What is the rate of markup based on the regular selling price?
(c) What is the rate of markdown?
(d) What is the profit or loss during the promotional sale?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A merchant realizes a markup of $42 by selling an item at a markup of 37.5% of cost. The merchant's overhead expenses are 17.5% of the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If a car is worth 35000, it depreciates $2500 year, in how many years will it be worth $9000
Answers (1)
If tyler deposits $2000 of the $3200 he has earned in a account that pays 8% interest compounded quarterly. What is the formula you would right for each four quarters, and what would you get each quarter. Example Principal+Compound Interest
Answers (1)
Which is the value of 3b 2 - b when b=5?
Answers (1)
Work out the reciprocal of 3.5
Answers (1)
What is the value of x in the equation 1/5x - 2/3y=30 when y=15
Answers (1)
New Questions in Mathematics
Jack made 50% more smoothies than yesterday. If he made 30 smoothie today how many did he make yesterday?
Answers (2)
Mr. Ramirez has enough money to fence one of his rose gardens, how many feet of fencing will he need if both gardens have the same perimeter
Answers (1)
David saves $175 each month for the first 5 months. Then he saves $225 each month for the next 5 months. What is the average amount that David saves each month
Answers (1)
Which of the following equations is not equivalent to the others? y = - 4 + 3 x y = - 3 x + (-4) y = - 3 x - 4 y = - 4 - 3 x
Answers (1)
Read the following passage from the Odyssey: Square in your ship's path are Sirens, crying beauty to bewitch men coasting by; woe to the innocent who hears that sound!
Answers (1)