Someone please help me
1 answer:
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Answer:
The markup rate is 51% on the cost
Step-by-step explanation:
Price of book = 7.99
Cost to the store = 5.29
The markup rate is a term used to figure what percentage is added on to the cost of the item to find its selling price.
If we subtract cost from the price we will know how much is added to actual cost: 7.99 - 5.29 = 2.7
Markup rate is 0.51*100 = 51%
Well, the place is charging him 115/hr
and he's booked it for 6hrs
how much is going to be his cost? well
now, there will be 14 teams playing, so... if we divide 690 evenly among the 14 teams, that means each team will need to pay 690/14 about 49.28571 or 49 bucks and 29 cents about
now, if each team pays that much, they'll cover 690, so Dylan has his cost covered, however, for a profit, a profit is surplus, so, in order to make surplus income, or profit, he'll need to charge "more than" 49.29
or he needs to charge "x", whilst x > 49.29
and he's booked it for 6hrs
how much is going to be his cost? well
now, there will be 14 teams playing, so... if we divide 690 evenly among the 14 teams, that means each team will need to pay 690/14 about 49.28571 or 49 bucks and 29 cents about
now, if each team pays that much, they'll cover 690, so Dylan has his cost covered, however, for a profit, a profit is surplus, so, in order to make surplus income, or profit, he'll need to charge "more than" 49.29
or he needs to charge "x", whilst x > 49.29