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NemiM [27]
3 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]3 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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Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $192,000

Unitary variable cost= $320 per week

Selling price per unit= $480 per week

<u>To calculate the total cost, we need to use the following formula:</u>

Total cost= fixed costs + unitary variable cost*number of units

Total cost= 192,000 + 320*number of weeks

<u>Now, the total revenue:</u>

Total revenue= selling price per week*Number of weeks

Total revenue= 480*x

<u>Finally, the break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 192,000 / (480 - 320)

Break-even point in units= 1,200 campers

3 0
3 years ago
Select all of the information that appears on a bank statement.
Korolek [52]
<span>account number

social security number</span>
8 0
3 years ago
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Nancy, age 67, plans to retire in six months. She has $200,000 in a savings account. She would like to receive lifetime monthly
Oliga [24]
C. Sorry if I got it wrong have a good day
4 0
3 years ago
Last year, Linus earned a salary of $25,000 and he spent $24,000, thus saving $1000. At the end of the year, he received a bonus
Evgen [1.6K]

Answer:

0.5

Explanation:

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Marginal propensity to consume = change in consumption/ increase in disposable income

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I hope my answer helps you

8 0
3 years ago
Aggregate demand​ (AD) is comprised of expenditure components that​ include:
Yanka [14]

Answer: A

Explanation:

Aggregate demand can be obtained by adding consumptions, investments, Government spendings, and net exports(exports-imports).

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