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Ket [755]
2 years ago
6

At a local Bed and Bath Superstore, the manager, Jill Roe, knows her customers will pay no more than $230 for a bedspread. Jill

wants a 40% markup on selling price. What is the most that Jill can pay for a bedspread?
Business
1 answer:
Amiraneli [1.4K]2 years ago
5 0

Answer:

$164.29

Explanation:

The formula to compute the markup percentage is shown below:

Markup percentage = (Sale price - purchase price) ÷ (purchase price)

where,

Markup percentage is 40%

Sale price is $230

So, the purchase price is

0.40 = ($230 - purchase price) ÷ (purchase price)

0.40 × purchase price = $230 - purchase price

So, the purchase price is

= $230 ÷ 1.40

= $164.29

           

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MAXImum [283]

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g Each division has a manager who is paid a salary of $130,000 annually and one assistant manager who is paid $70,000 annually H
olga_2 [115]

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Cooley company's stock has a beta of 1.32, the risk-free rate is 4.25%, and the market risk premium is 5.50%. what is the firm's
balu736 [363]
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