document.write( "Question 992274: The Pottery bought 600 pans auctioned off for $4950. This means that each pan has the same cost. On inspection, the pans were classified as normal quality, seconds, or substandard. The 360 normal-quality pans were sold at a markup of 80% of cost, the 190 pans classified as seconds were sold at a markup of 20% of cost, and the remaining pans classified as substandard were sold at 20% below their cost.
\n" ); document.write( "a) What was the unit price at which each of the three classifications was sold?
\n" ); document.write( "b) If overhead is 33.33.....% of cost, what was the amount of profit realized on the purchase?
\n" ); document.write( "c) What was the average rate of markup based on the selling price at which the pans were sold?
\n" ); document.write( "Answers:
\n" ); document.write( "a) $14.85; $9.90; $6.60
\n" ); document.write( "b) $957.00
\n" ); document.write( "c) 34.4978%
\n" ); document.write( "Show all steps please! \n" ); document.write( "

Algebra.Com's Answer #611901 by solver91311(24713) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "This is an accounting question. You are on the wrong website to get help with this type of work.\r
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\n" ); document.write( "\n" ); document.write( "John
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\n" ); document.write( "My calculator said it, I believe it, that settles it\r
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