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Ne4ueva [31]
3 years ago
7

Maria and Edwin have $23.00 each to spend at a book fair, where all students receive a 25% discount. They both want to purchase

a copy of the same book, which normally sells for $26.50 plus 10% sales tax. To check if she has enough to purchase the book, Maria takes 25% of $26.50 and subtracts that amount from the normal price. She takes 10% of the discounted selling price and adds it back to find the purchase amount. Edwin takes 75% of the normal purchase price and then computes 110% of the reduced price. Is Maria correct? Is Edwin correct? Do they have enough money to purchase the book? Explain your answer using complete sentences and show your work help plzz
Mathematics
1 answer:
Marianna [84]3 years ago
7 0
They're both right. Finding 75% and adding 10% is the same as subtracting 25% and adding 10%.
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Kabul’s bookshop marks up all books by 40 percent of their cost. The overhead rate is 16 percent of the selling price. What is t
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Answer:

The net profit rate on the book is 5.41

Step-by-step explanation:

Given as :

The marks up percentage of book = m = 40%

The overhead rate is 16% of selling price

The cost price of book = c.p = $18.10

Let The profit = $p

Let The selling price = s.p

<u>Now, According to question</u>

mark up percentage = \dfrac{s.p - c.p}{c.p}

I.e 40% =  \dfrac{s.p - 18.10}{18.10}

Or, \dfrac{40}{100} + 1 = \dfrac{s.p}{18.10}

Or, \dfrac{140}{100} =  \dfrac{s.p}{18.10}

Or, s. p = \dfrac{140\times 18.10}{100}

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So, selling price of book = s.p = $25.34

Now, The overhead percentage = 16%

i.e overhead rate = \dfrac{\textrm estimated cost}{\textrm estimated total base unit}

Or, estimated cost = 16% × 25.34

I,e estimated cost = 0.16 × 25.34

∴ estimated cost = $4.05

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I.e p = $25.34 - $4.05

∴ p = $21.29

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I.e The profit rate% = \dfrac{21.29}{4.05}

∴ profit rate %= 5.41

So, The profit rate = p = 5.41

Hence, The net profit rate on the book is 5.41  Answer

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