document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1110012>Question 1110012</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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, <BR>\n" );
document.write( "A. What is the regular selling price of the TV set? <BR>\n" );
document.write( "B. What was the cost of the TV set?<BR>\n" );
document.write( "C. What is the rate of mark-up based on cost for the TV set? <BR>\n" );
document.write( "D. If overhead expenses are at 27% of the cost, what is the break-even price of the TV set? <BR>\n" );
document.write( "E. If the TV set is sold at PhP7,500, how much profit or loss is incurred by Appliance Store? \r<BR>\n" );
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document.write( "Thank You in Advanced.. ;) <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #725031 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=725031\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> let s = the selling price.\r<BR>\n" );
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document.write( "the selling price presumably includes the cost plus the mark up plus the anticipated profit.\r<BR>\n" );
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document.write( "you have s = c + m + p\r<BR>\n" );
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document.write( "since m = 3450 and m = .4 * s, then you get:\r<BR>\n" );
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document.write( ".4 * s = 3450.\r<BR>\n" );
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document.write( "solve for s to get = 3450 / .4 = 8625.\r<BR>\n" );
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document.write( "your equation of s = c + m + p becomes:\r<BR>\n" );
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document.write( "8625 = c + 3450 + p\r<BR>\n" );
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document.write( "you don't know what p is supposed to be.<BR>\n" );
document.write( "you don't know what c is supposed to be.\r<BR>\n" );
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document.write( "you need p to solve for c.\r<BR>\n" );
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document.write( "you need c to solve for p.\r<BR>\n" );
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document.write( "the best you can do is solve for c in terms of p, or solve for p in terms of c.\r<BR>\n" );
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document.write( "solving for c in terms of p gets you:\r<BR>\n" );
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document.write( "c = 8625 - 3450 - p which becomes c = 5175 - p\r<BR>\n" );
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document.write( "solving for p in terms of c gets you:\r<BR>\n" );
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document.write( "p = 8625 - 3450 - c which becomes p = 5175 - c.\r<BR>\n" );
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document.write( "you say that overhead expenses are 27% of the cost.\r<BR>\n" );
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document.write( "does this assume that overhead expenses are included in the cost.\r<BR>\n" );
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document.write( "regardless, if you don't know the cost, you can't solve for the overhead expenses.\r<BR>\n" );
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document.write( "i don't think you can solve this problem with the information given.\r<BR>\n" );
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document.write( "you might want to check to see if you're missing some information required to solve it.\r<BR>\n" );
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