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Fiesta28 [93]
3 years ago
5

Rent-a-Furniture Center is offering a living room set that retails for $799 for $25 per week for 1 year. What is the percent mar

kup on this furniture set?
Business
1 answer:
solniwko [45]3 years ago
5 0

Answer:

62.70%

Explanation:

The markup value is found by calculating the gross profit and dividing it by its price. The retail price for the Rent-a-Furniture Center is $799 and the selling is $25 per week.

There are 52 weeks in a year, therefore, with this payment plan of $25/week, the total amount in one year is (52* 25) = $1300. Gross profit is (1300- 799) = $501. The markup value is (501/799) = 62.7033%

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Answer:

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Explanation:

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2 years ago
On September 3, 20X8, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The tran
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3 years ago
Bonds that are backed solely by the general credit of the corporation issuing them are called _______ bonds.
babymother [125]
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I hope this helps.
3 0
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AE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repu
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Explanation:

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