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NemiM [27]
4 years ago
14

an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item​

Business
1 answer:
Mila [183]4 years ago
4 0

Answer:

32

Explanation:

Using Formula

Cost + (Cost*Margin) = Selling Price

Cost is not known...

Cost (1 + Margin) = Selling Price

Cost = Selling Price / 1 + Margin

Here, Margin is 0.45 of cost and selling price is 46.4

Cost = 44.4 / 1.45

Cost = 32

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Since the problem doesn’t give the choices for these questions. I will be giving you the factors that affect the elasticity:

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2. Easiness and cost of factor substitution – when the firm can substitute rapidly and effortlessly between labor and capital inputs.

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4 years ago
Which statement describes the code of conduct of a person entering an agreement?
kow [346]

Answer:

The Plumber may take a leave of absence of seven consecutive days during the project.

Explanation:

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The best option that describes code of conduct of a person entering an agreement is - The Plumber may take a leave of absence of seven consecutive days during the project.

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4 0
3 years ago
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Lady_Fox [76]

Answer:

The correct answer is A.

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Here's why    

       

Explanation:

In the United States, the Modified Accelerated Cost Recovery System (MACRS) is a depreciation system used for tax purposes.

It allows the capitalized cost of an asset to be recovered over a specified period via annual deductions. The MACRS system puts fixed assets into classes that have set depreciation periods.

This depreciation system allows an asset to be depreciated faster in the first years of an asset's life and slows depreciation later on. This is beneficial to businesses from a tax perspective.

This is logical, the less the value of an assets, the less the property tax applicable to it and so the company increases it's bottom line in tax savings whiles maximizing the useful life of the asset.

Cheers!

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3 years ago
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tigry1 [53]

Answer:

False

Explanation:

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3 years ago
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