You calculate the markup or markdown in absolute terms (you find by how much the quantity changed), and then you calculate the percent change relative to the original value. So they're really just another form of "increase - decrease" exercises.
Example:
A computer software retailer used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25.
The markup is 40% of the $25 cost, so the markup is:
(0.40)(25) = 10
Then the selling price, being the cost plus markup, is:
25 + 10 = 35
The item sold for $35.
Answer:
I believe the answer is c
Step-by-step explanation:
B. They are similar triangles, and so the hypotenuses of the two triangles will be different sizes of the same line.
Answer:
84.3
Step-by-step explanation:
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Answer: There are several ways in which we can determine our marketing budget. Some of these are given below:
<u><em>1. Percentage of revenues:</em></u>
Under this method we usually take a fixed percentage of our revenues and further allocating this amount for marketing. We will choose the percentage that works best for us.
<u><em>2. Percentage of net sales:</em></u>
This method determines our marketing budget as a fraction of our net sales. This method will take a lot of trial and error to find the percentage that works well for our company.
<u><em>3. Industry specific:</em></u>
Nowadays, industries have specific projections as to the amount they will need to spend on marketing . The best way to get these numbers is to find a firm that represents our industry and ask them to provide us with averages. We can then refine the actual costs.
<em><u>4. Objective/task oriented
</u></em>
This is model that works by setting out goals, planning out the tasks and then estimating the cost for all of these tasks. It works greatly for firms who have a immense knowledge about measurements and information of their business processes.
