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hodyreva [135]
3 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]3 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

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Marketing is not a standalone, one-off activity. It is made up of several different components that are necessary throughout each and every stage of a business’s endeavours - from long before a sale is even made, to long after. With so much going on, it is essential to have a strategy in place.

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C) Rico, a curious person who loves art and buys the latest gadgets.

Explanation:

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It is possible to make this decision by analyzing the characteristics of each of the candidates available for the job vacancy.

The necessary requirements for the vacancy are: an employee to recognize when new approaches are needed and learn what customers need and quickly present an innovative way to serve them.

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3 years ago
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