SOLUTION: You are the manager of Motown Hardware. You are currently selling Energy Max batteries for $49.90. The cost of the batteries is $32.50. 1. Indicate the amount of the markup on the

Question 1201585: You are the manager of Motown Hardware. You are currently selling Energy Max batteries for $49.90. The cost of the batteries is $32.50.
1. Indicate the amount of the markup on these batteries
2. Explain what you percent markup is based on selling price
3. If the supplier reduces the cost to $29.00 as a promotional trade discount this week, what is your new amount of markup and what is the percent markup based on selling price?.

Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
You are the manager of Motown Hardware. You are currently selling Energy Max batteries for $49.90. The cost of the batteries is $32.50.
1. Indicate the amount of the markup on these batteries

($49.90. - $32.50)/32.50
=0.5353
53.53 %
3. If the supplier reduces the cost to $29.00 as a promotional trade discount this week, what is your new amount of markup and what is the percent markup based on selling price?.
(49.90 - 29)/29
=0.7206
=72.06%
RELATED QUESTIONS
4. Weight of Containers Find the 90% confidence interval for the variance and standard... (answered by Boreal)

defective batteries in a box of 12 batteries, 2 are dead. if 2 batteries are selected at... (answered by Boreal)

If 29 homes sold in the last 90 days or 3 months and there are 3 homes that are currently (answered by solver91311)

In a group of 100 batteries, 30 are dead. Use your calculator to find the probability... (answered by stanbon)

In a group of 100 batteries, 30 are dead. If you choose two batteries, what is the... (answered by checkley77)

A bag contains eight batteries, all of which are the same size and are equally likely to... (answered by stanbon)

in a group of 25 batteries five are deead.Choose 2 batteries at random create a... (answered by stanbon)

You are selling pizzas to raise money for the pandemic. Cheese pizza cost php 80 and... (answered by Theo)

(1) Exactly the half of the 10 batteries, that you save on a closet, are not charged but... (answered by ScientificArt)