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
Algebra ->
Equations
-> 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
Log On
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?.
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%
