All categories

3 years ago

The Shoe Outlet bought boots for $60 and marks up the boots 55% on the selling price. What is the selling price of the boots?

Mathematics

1 answer:

nikdorinn [45]3 years ago

6 0

Answer: The markup- 122.225%

Revenue/price- 133.33$

Gross profit- 73.33%

Step-by-step explanation:

The gross profit P is the difference between the cost to make a product C and the selling price or revenue R.

P = R - C

To calculate revenue R based on the cost C and the desired gross margin G, where G is in decimal form:

R = C / ( 1 - G)

The gross profit dollars P is the revenue dollars R from the sale times the gross margin G percentage, where G is in decimal form :

P = R * G

The markup percentage M, in decimal form, is gross profit P divided by cost C.

M = P/ C

M * 100 will change the decimal to a percentage.

You might be interested in

Six students are working on math. Two-thirds of them are working on fractions. How many students are working on fractions?

dybincka [34]

(2/3)- students working on math
6-total students
(2/3) of 6 students+= (2/3)x6 = (12/3) = 4

3 0

3 years ago

X2 =5. What is the answer for X

grin007 [14]

Answer:

x=2.5

Step-by-step explanation:

First, you do 5 divided by 2, because you are trying to find a missing factor. After that, your answer, which is 2.5, is what x equals.

Hope that helps!

7 0

4 years ago

Read 2 more answers

For a sample size of 85 and a population parameter of 0.2, what is the

ale4655 [162]

Answer:0.043

Step-by-step explanation:

6 0

3 years ago

Read 2 more answers

It has been estimated that only about 30% of California residents have adequate earthquake supplies. Suppose we are interested i

lidiya [134]

Answer:

Step-by-step explanation:

We are given that 30% of California residents have adequate earthquake supplies.

a) Ramon variable X denotes the number of the california residents that have adequate earthquake insurance

B) x can take value 1 ,2 ,3 ......

C)The distribution of random variable is geometric distribution with parameter p=0.3

The pmf of geometric distribution is

$P(X=x)=0.3(1-0.3)^{x-1} , x=1,2,3...$

D)P(X=1) or P(X=2)=P(X=1)+P(X=2)

P(X=1) or P(X=2)= $0.3(1-0.3)^{1-1}+0.3(1-0.3)^{2-1}=0.51$

$P(X \geq 3)=1-P(X$

$E(X)=\frac{1}{p}$

p is the resident who does not have adequate earthquake supplies.

p = 1-0.3 = 0.7

$E(X)=\frac{1}{0.7}=1.42$

G) $E(X)=\frac{1}{q}=\frac{1}{0.3}=3.33$

8 0

4 years ago

What is the discriminant of the quadratic equation 0= -x^2+4x-2

xxTIMURxx [149]

The discrimination is 8

3 0

4 years ago