A property was purchased two years ago for $300,000; the investor just sold the property for $379,000. What was the percentage o
1 answer:
Answer:
percentage of profit is 26.3%
Explanation:
given data
purchase property cost = $300,000
time = 2 year ago
sold property = $379,000
solution
we get here percentage of profit in relation to the cost
first we get here percentage value increase that is
percentage value increase =
percentage value increase = 1.263
percentage value increase = 126.3%
so here 1 in 1.263 represent you the original cost
so profit % = 1 - 1.263
profit % = 26.3%
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Answer:
D. Holding cost per unit per year is dependent on the selling price per unit.
Explanation:
The formulas are shown below:
Economic order quantity:
=
The number of orders would be equal to
= Annual demand ÷ economic order quantity
The average inventory would equal to
= Economic order quantity ÷ 2
The total cost of ordering cost and carrying cost equals to
Ordering cost = Number of orders × ordering cost per order
Carrying cost = average inventory × carrying cost per unit
If in the question, the carrying cost is given in the percentage than the per unit cost is come after multiplying it with the selling price per unit