Tutors Answer Your Questions about Finance (FREE)
Question 752253: Good Morning,
I have a mark-up problem that is haunting me. Could you please show me how to set it up correctly? I can't seem to figure it out. Here it is:
A pair of shoes costs the retailer $85 per pair. At what price should the retailer mark them so he can sell them at a 15% disoount off the selling price and still make a 20% profit on his cost?
My brain is frozen on this.
Thank you in advance for your help.
Kindest regards,
Michelle Dean
Click here to see answer by KMST(5328)  |
Question 752253: Good Morning,
I have a mark-up problem that is haunting me. Could you please show me how to set it up correctly? I can't seem to figure it out. Here it is:
A pair of shoes costs the retailer $85 per pair. At what price should the retailer mark them so he can sell them at a 15% disoount off the selling price and still make a 20% profit on his cost?
My brain is frozen on this.
Thank you in advance for your help.
Kindest regards,
Michelle Dean
Click here to see answer by josmiceli(19441)  |
Question 752637: 1000 euros is invested at 3% per annum interest, compounded monthly. Calculate the minimum number of months required for the value to exceed 1300 euros.
I know that this is a geometric series and the multiplier is 1.03 per year but it is compounded monthly which makes it difficult.
Click here to see answer by stanbon(75887) |
Question 754039: Good day, please help me solve this below. I am confused on the "continously" part.
1.Find the present value, using the present value formula and a calculator. (Round to the nearest cent).
Achieve $225,500 at 8.75% compounded countinously for 8 years, 145 days.
Click here to see answer by Alan3354(69443)  |
Question 754222: HEEELLLPPP! Please assist.
Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 16% (add-on rate). If the refrigerator at Sears costs $1,578 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years, what is the monthly payment.
Thank you.
Click here to see answer by rothauserc(4718)  |
Question 754221: Can you please help me with this problem?
A car has a sticker price of $42,650 with factory and dealer rebates of $5,100.
You can pay the sticker price at 0% interest for 60 months.
You can pay the discount price at 2.5% add-on interest for 60 months.
a) Find the monthly payment if financed for 60 months at 0% APR. (Round to the nearest cent.)
b) Find the monthly payments if financed at 2.5% add-on interest for 60 months.
c)use the APR approximation formula to find the APR for part (b).
d? State whether the 0% APR or the 2.5% add-on rate should be preferred.
Click here to see answer by Theo(13342)  |
Question 753524: 3) A tour group split into two groups when waiting in line for food at a fast
food counter. The first group bought 8 slices of pizza and 4 soft drinks
for $36.12. The second group bought 6 slices of pizza and 6 soft drinks
for $31.74. How much does one slice of pizza cost?
Click here to see answer by Cromlix(4381)  |
Question 758138: my 6th grader had this for homework they barely started beg. algebra solving for x. Don't know how to help him with the problem below. Please help
the math team decided to sell customized pocket protectors as a fundraiser. These were truly a hot item in our school, and $240 was raised. Cecily had originally suggested a price that was $2 lower for each item, but if the team had agreed to that price they would have had to sell 20 more pocket protectors to get the $240
How many pocket protectors did they actually sell? what was the price of each.
Click here to see answer by htmentor(1343)  |
Question 758567: Suppose that the revenue (R), in dollars, from selling (x) clocks is
R(x)= 30x
The cost (C), in dollars, of selling (x) clocks is
C(x)= 0.1(squared 2) + 7x +400
find the Profit Function (P),
P(x)= R(x)- C(x)
... Please help me
Click here to see answer by MathLover1(20849)  |
Question 759702: Use the compound formula A=Pe^rt
To solve the problem given. Round answers to the nearest cent.
Find the accumulated value of an investment of $20,000 for 4 years at an interst rate of 4.5% if the money is
a. Compounded semi=annually ___(Round to the nearest cent)
b. What is the accumulated value if the money is compounded monthly? ___(Round to the nearest cent)
c. What is the accumulated value if the money is compounded continuously?
Click here to see answer by lwsshak3(11628) |
Question 760577: a) $1,392.926816 = x + 0.652029x
The trouble I am having is understanding how the above becomes:
b) $1,392.926816 / 1.652029 = x
$843.16 = x
The solution is correct and has been verified with my online course. However, I do not understand the jump from a to b?
Click here to see answer by josmiceli(19441)  |
Question 760648: Stock.
What is the value of a stock with a :
a. $2.50 dividend just paid and an 8% required return with 0% growth?
b. $3 dividend just paid and an 8% required return with 2% growth?
c. $7 dividend just paid and an 10% required return with a 2% growth?
Click here to see answer by solver91311(24713)  |
Question 760654: What is the required rate of return on stock with:
a. $2.50 expected dividend and a $19 price with 6% growth?
b. $2.75 expected dividend and a $20 price with 8% growth?
c. $2.50 expected dividend and a $19 price with 9% growth?
Click here to see answer by solver91311(24713)  |
Question 760652: Stock:
What is the growth rate of stock with:
a. $3.00 expected dividend and a $20.60 price with 15% required return?
b. $2.40 expected dividend and a $25.35 price with 10% required return?
c. $2.00 expected dividend and a $8.30 price with 11% required return?
Click here to see answer by solver91311(24713)  |
Question 760644: What is the value of a $1,000 par value bond with annual payments of an
a. 10% coupon with a maturity of 10 years and a 15% required return?
b. 8% coupon with a maturity of 10 years and a 8% required return?
c. 11% semiannual coupon with a maturity of 20 years and a 11% required return?
d. 8% semiannual coupon with a maturity of 20 years and a 9% required return?
Click here to see answer by TeeTeeMonique(4) |
Question 759365: Someone please answer this problem!!
You win $10,000. You decide to invest the money in stocks and/or bonds. You want at least $3000 be invested in bonds, with expected returns of $0.08 per dollar, and at least $2000 be invested in stocks, with expected returns of $0.12 per dollar.
a) Write the objective function to determine how to invest the winning to maximize your return.
b) Write the constraints.
c) Using complete sentences, explain the process for finding each of the vertices for the feasible region.
d) Write the vertices of the feasible region.
e) Give the revenue for each vertex of the feasible region.
f) Using complete sentences, describe how the money be invested so as to maximize your expected returns and give the maximum return.
Click here to see answer by TeeTeeMonique(4) |
Question 760708: Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any underapplied or overapplied manufacturing overhead is closed to Cost of Goods Sold at the end of each month. Additional information is available as follows:
° Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month:
° Jobs 102, 103, and 104 were started during February.
° Direct materials requisitions for February totaled $26,000.
° Direct labor cost of $20,000 was incurred for February.
° Actual manufacturing overhead was $32,000 for February.
° The only job still in process at February 28 was Job 104, with costs of $2,800 for direct materials and $1,800 for direct labor.
The cost of goods manufactured for February was: (Points : 2)
$77,700
$78,000
$79,700
$85,000
Click here to see answer by TeeTeeMonique(4) |
Question 760641: What is the yield to maturity of a $1000 par value bond with an
a. 10% annual coupon and 10 years to maturity and a $1,000 price?
b. 9.5 annual coupon and 20 years to maturity and a $788 price?
c. 5.0% annual coupon and 8 years to maturity and a $800 price?
Click here to see answer by TeeTeeMonique(4) |
Question 761581: Sir,
I would like get a solution for the below.
I have sales of USD 600 with VAT of USD 135.
The VAT amount is the total of two different %, ie 10% and 25%,
I need to know the steps to find out how much sale is for 10% VAT
Thank you and appreciate your support.
Bessy Valayil
Click here to see answer by ramkikk66(644) |
Question 761813: You just put $2193 in a CD that is expected to earn 17% compounded quarterly, and $7107 in a savings account that is expected to earn 3% compounded semiannually. Determine when, to the nearest year, the values of your two investments will be the same.
Click here to see answer by lwsshak3(11628) |
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