SOLUTION: 1. The Cellphone Company buys iPhones at PhP24,000. Expenses are set at 17% of the selling price and the required profit is set at 20% of the selling price. During a weekend sale,

Question 1109914: 1. The Cellphone Company buys iPhones at PhP24,000. Expenses are set at 17% of the selling price and the required profit is set at 20% of the selling price. During a weekend sale, the iPhone is sold at 10% discount.
A. What is the regular selling price of the iPhone?
B. What is the sale price of the iPhone?
C. How much did The Cellphone Company gain or lose when the iPhone was sold during the weekend sale?
2. Appliance Store realizes a mark-up of PhP3,450 in selling TV sets. If its items are sold at a mark-up of 40% of the selling price,
A. What is the regular selling price of the TV set?
B. What was the cost of the TV set?
C. What is the rate of mark-up based on cost for the TV set?
D. If overhead expenses are at 27% of the cost, what is the break-even price of the TV set?
E. If the TV set is sold at PhP7,500, how much profit or loss is incurred by Appliance Store?
This is the last question for my homework..Thank You in Advanced.. ;)
Answer by Lightning_Fast(78) (Show Source): You can put this solution on YOUR website!
You are asking too many questions at once. See the posting guidelines for more information.
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