Answer:
Answer
When markup is based on cost, markup is the rate percentage
Step-by-step explanation:
During the selling of merchandise or services to customers, the business person has to charge a price higher than the cost of goods or labor so as to get profit. The markup of cost is therefore the percentage of an item’s wholesale cost that the retailer adds in its retail price to make profits.
Answer:
2
Step-by-step explanation:
0(162/3125)+1(162/625)+2(216/625)+3(144/625)+4(48/625)+5(32/3125)
= 2
Answer:
y would be greater than if y is 4 or higher but y would be less than if y is 1, 2, or 3
Step-by-step explanation:
Answer:
Subtract 100 then take 10% off
Step-by-step explanation:
Answer:
Step-by-step explanation:
We have 2 linear equations, and in both, the amount of merchandise you would have to purchase is "x", the unknown. We are asked to find that value of x.
The first equation is
C(x) = .30x + 90, which says that the cost of this plan is a fixed $90, and you pay 30% of the manufacturer's cost, x.
The second equation is
C(x) = .80x + 40, which says that the cost of this plan is a fixed $40, and you pay 80% of the manufacturer's cost, x.
If we want to know when the cost of these 2 are equal to each other, we set the equations equal to each other and solve for x:
.3x + 90 = .8x + 40 so
-.5x = -50 so
x = $100
The cost for each plan will be the same at this value of x, but we will plug in 100 for x in each just to make sure we did it right:
C(100) = .3(100) + 90
C(100) = 30 + 90
C(100) = 120 and
C(100) = .8(100) + 40
C(100) = 80 + 40
C(100) = 120
