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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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Freeze Ice Cream Shop sells its specialty shakes for $3.50 each. In the summer months, the shop typically sells 200 shakes a day
mamaluj [8]

As a result of the demand increasing only slightly compared to the reduction in price, the demand must be <u>inelastic</u>.

<h3>Why is the demand inelastic?</h3><h3 />

The demand is considered to be inelastic if the price elasticity is less than 1.

The price elasticity is:

= (%Change in quantity/% Change in price)

Solving gives:

= 15 / 200 ÷ 0.50 / 3.50

= -0.525

In conclusion, the demand for the shakes is inelastic.

Find out more on inelastic demand at brainly.com/question/1899986.

5 0
2 years ago
When American Airlines decided to review new ideas aimed at first-class passengers on very long flights, like an ultra high-spee
attashe74 [19]

Answer:

define the problem and research objectives.

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3 0
3 years ago
Who among the following is an operational leader? a. Joanna, who is firm and dependable with respect to delivering results b. Ke
mihalych1998 [28]

Answer:

The correct answer is letter "A": Joanna, who is firm and dependable with respect to delivering results.

Explanation:

Operational leaders are those who analyze the strengths and weaknesses of their group to allocate the duties in a way that produces the most efficient outcome. In front of problems, this type of leader studies the impact and what is going to be needed to solve it. Operational leaders are mostly <em>results-driven</em>.

3 0
3 years ago
If the number of unemployed workers is 19 million, the number in the working-age population is 2) 500 million, and the unemploym
Sunny_sXe [5.5K]

Answer:

D) 475 million

Explanation:

Unemployment is the people who is not currently working and searching for the job. These are the part of Labor force. So unemployment rate is as follows:

Unemployed Worker = 19 million

Unemployment rate = 4%

Unemployment rate = Unemployed worker / Labor force

4% = 19 million / Labor Force

Labor Force = 19 million / 4%

Labor Force = 475 million

6 0
3 years ago
Which of the following statements explains the relationship between Social Security and Medicare taxes?
Usimov [2.4K]
The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

The statement "<span>Social Security is applied to all wages up to the maximum taxable earnings. Medicare is applied to all wages without limit." best </span><span>explains the relationship between Social Security and Medicare taxes.</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
7 0
3 years ago
Read 2 more answers
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