Answer:
Gross profit will be $4
Explanation:
We have given that merchant purchased a jacket for $60
So purchased price = $60
Let the markup price is x
Now according to question selling price = x+60
Now it is given that marked up price is 25 % of the selling price
So ![x=(x+60)\times \frac{25}{100}](https://tex.z-dn.net/?f=x%3D%28x%2B60%29%5Ctimes%20%5Cfrac%7B25%7D%7B100%7D)
X = 20
So selling price = 60+20 =80
Now there is discount of 20%
So price after discount = ![80-\frac{80\times 20}{100}=$64](https://tex.z-dn.net/?f=80-%5Cfrac%7B80%5Ctimes%2020%7D%7B100%7D%3D%2464)
So gross profit = $64 -$60 = 4
Answer:
no
Explanation:
Grant writers are not essential to the success of a human services organization.
Answer:
total revenue test: elastic. If demand is elastic, a decrease in price will increase total revenue, and an increase in price will reduce total revenue. total revenue: inelastic.
Explanation:
Answer:
an increase in the price of soccer balls.
Explanation:
Soccer balls are made of polyethylene and other petroleum oil derivates. An increase in the price of oil will lead to increased price of soccer balls, because the raw material price has gone up.
Kayaks also have raw materials derived from oil that is why they are experiencing a rise in price.
Kayaks and soccer balls will have a directly proportional relationship due to their common raw material source- oil.
What options do we knave to choose from? If we do not have any options, then the answer most likely is: the demand in computers will increase.
The reason for this is because if the consumers have more money to buy computers, the odds of them purchasing them are greater, which will increase the demand for the computers.