1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hodyreva [135]
4 years ago
9

You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 27% mar

kup on cost and know most people will not pay more than $22 for it, what is the most you can pay for the pitcher? (Round your answer to the nearest cent.)
Business
1 answer:
GrogVix [38]4 years ago
7 0

Answer:

The most you can pay for the pitcher is $17.32

Explanation:

A mark up is a percentage that is always applied on the cost to come up at a required gain over cost. The cost is always taken to be 100% when apply a mark up on cost.

If the mark up is of 27% and cost is 100% then a selling price of 22 will be equal to cost + markup.

Let cost be x.

Selling price = Cost + Mark up

22 = 100% * x + 27% * x

22 = 1x + 0.27x

22 = 1.27 x

22/1.27 = x

x = $17.3228 rounded off to $17.32

You might be interested in
23. What law states that a decrease in price brings about an increase in the quantity<br> demanded?
denis-greek [22]
The law of demand states that, other things remaining the same, if the price of a good rises, the quantity demanded of that good decreases; and if the price of a good falls, the quantity demanded of that good increases.
3 0
3 years ago
State four uses of salad​
lana [24]

Answer:

We use salad for a take in of Natural fiber, weight control, and a source of an healthy diet.

Explanation:

4 0
3 years ago
Read 2 more answers
Andrew carnegie was a native of what country? ireland scotland switzerland united states 2. carnegie made his fortune primarily
slavikrds [6]
He was born in the city of Dunfermline which is in the country Scotland. 
7 0
4 years ago
Read 2 more answers
The five competitive forces model suggests the bargaining power of buyers may affect industry competition. Which of the followin
Natalka [10]

Answer: E. Walmart has significant bargaining power over its suppliers, which decreases the profitability of the suppliers.

Explanation:

Walmart as buyers have significant bargaining power over their suppliers because they are quite large in size and therefore buy in bulk.

As a result of this, they can negotiate prices with suppliers that favor them not the suppliers which will decrease the profitability of the suppliers who would be compelled to sell to Walmart because of how much of their goods Walmart can buy.

3 0
3 years ago
As a manager of the NHQ project, you are performing quantitative risk analysis. You have discovered that one project risk has a
cestrela7 [59]

Answer:

$26,800

Explanation:

Data given in the question

Probability of the risk = 40%

Cost of the project = $67,000

So by considering the above information

The expected monetary value of the risk event is

= Probability of the risk × cost of the project

= 40% × $67,000

= $26,800

By multiplying the probability with the cost of the project, the expected monetary value could come

5 0
4 years ago
Other questions:
  • Refer to the previous question, in which households spend $0.60 of each additional dollar they earn and save the remaining $0.40
    9·1 answer
  • Zane is a logical/mathematical learner. He finds it helpful to use the following learning strategies _
    15·1 answer
  • Give an example in which there are clear distinctions among distance traveled, displacement, and magnitude of displacement. spec
    12·1 answer
  • QUESTION 1 The Assembly Department started the month with 19,000 units in its beginning work in process inventory. An additional
    14·1 answer
  • If my friend asks me for 20 dollars i said tommorow you have to give me 25. IS THIS BIG BRAIN
    8·1 answer
  • During August, Boxer Company sells $353,000 in merchandise that has a one year warranty. Experience shows that warranty expenses
    9·1 answer
  • The records of Quality Cut Steak Company list the following selected accounts for the year ended April 30, 2020 after all adjust
    6·1 answer
  • Perggy's Bakes, a bakery in New Orleans that exclusively sells its confectionery products online, makes its products only when i
    7·1 answer
  • Which inventory method results in the highest net income during periods of falling prices?
    11·1 answer
  • Volusia, Inc. Is a U. S. -based exporting firm that expects to receive payments denominated in both euros and Canadian dollars i
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!