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Category > Math Posted 21 Apr 2017 My Price 8.00

Johnny's bicycle store

Question:

Need answer with work shown ASAP thank you

Question 1

 

Johnny's bicycle store pays $210 less trade discounts of 20% and 6% for bicycles.  The store's overhead expenses are 35% of the cost and their profit is 40% of the cost

a)  What is the regular selling price?   [3 marks]

 

Question 2

Johnny's bicycle store pays $210 less trade discounts of 20% and 6% for bicycles.  The store's overhead expenses are 35% of the cost and their profit is 40% of the cost

b)  What is the rate of markdown if the item is sold at the break-even price?  [2 marks]

 

Johnny's bicycle store pays $210 less trade discounts of 20% and 6% for bicycles.  The store's overhead expenses are 35% of the cost and their profit is 40% of the cost

c)    During a sale, the bikes were marked down 20%.  At the sale price, calculate the store's profit or loss.  [2 marks]

Answers

ComputerScienceExpert
(11)
Status NEW Posted 21 Apr 2017 02:04 AM My Price 8.00

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Attachments

file 1492742120-Solutions file 2.docx preview (51 words )
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