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    Adelphi University/Devry
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    Adelphi University
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Category > Accounting Posted 11 Sep 2017 My Price 6.00

Macy's plans to mark up its winter coats $10 over cost, which is a 17% markup

 

Macy's plans to mark up its winter coats $10 over cost, which is a 17% markup

based on the cost. Find the cost, the selling price, and the rate of the selling price.
               

 
 

 

Amount

%

        

 

 

Cost

 

 

        

 

 +

Markup

 

 

        

 

 =

Sell Price

 

 

        

 
               

 

Alvin's Furniture marks up couches that sell for $450. The markup is 60% based on the selling price.

What is the cost and the amount of markup of a couch?

       
                   
 

 

Amount

%

            

 

Cost

 

 

            

 +

Markup

 

 

            

 =

Sell Price

 

 

            
                   
 

JC Penny reduced a Whirlpool refrigerator 9.23%. If the refrigerator was priced at $982,

find the amount of markdown and the reduced price.

        
                 
 

 

Amount

%

          

 

Original SP

 

 

          

‒

Markdown

 

 

          

 =

New Price

 

 

          
                 
                 

Find the net price of the new iPhone 8 that lists for $830 and has a discount rate of 8%.

Use the system of complements.

          
               

List Price

 

            

Trade Discount %

 

            

Net Price Rate

 

 =1-Trade Discount%

      

Net Price

 

 =Net Price Rate*List Price

      
               
                             
               
                                   

 

 

Answers

SmartExpert
(118)
Status NEW Posted 11 Sep 2017 06:09 PM My Price 6.00

----------- ----------- M-----------acy-----------'s -----------pla-----------ns -----------to -----------mar-----------k u-----------p i-----------ts -----------win-----------ter----------- co-----------ats----------- $1-----------0 o-----------ver----------- co-----------st,----------- wh-----------ich----------- is----------- a -----------17%----------- ma-----------rku-----------p ----------- ----------- -----------

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