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Alik [6]
3 years ago
5

Xavi is a painter of landscapes and seashore portraits. He works outside and has no overhead or fixed costs such as a studio. In

a typical year, it costs him $201 in canvas, paints and brushes per painting. This year he sold 322 pictures at a price of $244 each. What is Xavi's percentage markup
Business
1 answer:
mixer [17]3 years ago
3 0

Answer:

Markup= 17.62%

Explanation:

Giving the following information:

In a typical year, it costs him $201 in canvas, paints, and brushes per painting. This year he sold 322 pictures for $244 each.

<u>To calculate the markup percentage, we need to use the following formula:</u>

<u></u>

Markup= [(selling price - unitary cost) / selling price]*100

Markup= [(244 - 201)/244]*100

Markup= 17.62%

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Vikki [24]

Answer:

Through allowing themselves to buy resources and spend them accordingly.

Explanation:

  • Properties law provides full authority for merchants or developers with possession of such resources or properties.
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Thus the above is the correct approach.

6 0
3 years ago
When a company sponsors motor sports and other​ action-oriented events, it is utilizing the​ ________ mode of communication from
marta [7]
When a company sponsors motor sports and other​ action-oriented events, it is utilizing the <span>events and experiences</span> mode of communication from the marketing communication mix.

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3 0
3 years ago
Net credit sales $120,000 Average accounts receivable 20,000 Cash collections on credit sales 100,000 What is the receivables tu
Kazeer [188]

Answer:

6:1

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.

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4 0
3 years ago
By participating in as many newsworthy events as possible, such as visiting orphanages or disaster sites, candidates are often a
nikdorinn [45]
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6 0
3 years ago
According to the law of increasing opportunity cost,
Alenkinab [10]

Answer:

The correct answer is a. production points outside the production possibility frontier are unattainable

Explanation:

Production possibility frontier graph is attached.

The production possibility frontier shows the possibilities of trade off between two products. The trade off in this frontier use all the resources available. So it is impossible to  reach a point outside the frontier, there are not enough resources.

Download xlsx
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