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Dominik [7]
3 years ago
8

Cook-n-Serve carries oven mitts that have a selling price of $13.80 a pair. Cook-n-Serve buys the mitts from a wholesaler and re

ceives a 40% trade discount. What is the markup rate on cost and the markup rate on selling price?
Mathematics
1 answer:
ruslelena [56]3 years ago
4 0

Answer:

The oven mitts cost

$13.80

But, Cook-n-Serve buys from a wholesaler, so they receive a discount of 40%

This means that they pay

(1-0.4)*($13.80) = 0.6*($13.80) = $8.28 for each pair

The markup rate on cost is 60%

And they sell for

$13.80/$8.28 = 1.67 times the price

1.67*100% = 167%

The markup rate on selling price is  167%

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Answer:

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Step-by-step explanation:

Given

Dividend = 125x^3 - 8

Divisor = 5x - 2

Required

Determine the quotient

See attachment for complete process.

First, divide 125x^3 by 5x

\frac{125x^3}{5x} =25x^2

Write 25x^2 at the top

Multiply 5x - 2 by 25x^2

= 125x^3 - 50x^2

Subtract from 125x^3 - 8

i.e.

125x^3 - 8 - (125x^3 - 50x^2) = 50x^2 - 8

Step 2:

Divide 50x^2 by 5x

\frac{50x^2}{5x} = 10x

Write 10x at the top

Multiply 5x - 2 by 10x

= 50x^2 - 20x

Subtract from 50x^2 - 8

i.e.

50x^2 - 8 - (50x^2 - 20x) = 20x - 8

Step 3:

Divide 20x by 5x

\frac{20x}{5x} = 4

Write 4 at the top

Multiply 5x - 2 by 4

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Subtract from 20x - 8

i.e.

20x - 8 - (20x - 8) = 0

Hence:

\frac{125x^3 - 8}{5x - 2} = 25x^2 + 10x +4

8 0
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