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
tino4ka555 [31]
2 years ago
15

Sherry owns a car business. She just received a shipment of Volkswagen SUVs. She paid $60,000 for each vehicle and wants to make

25% on each car sale. What is Sherry's selling price?.
Business
1 answer:
densk [106]2 years ago
5 0

The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $<u><em>75,000</em></u>.

<h3>What is the selling price?</h3>

The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.

The computation of the selling price of the car:

Given,

  • Cost price =$60,000
  • Margin =25%

\begin{aligned}\text{Selling Price}&=\text{Cost Price}+\text{Margin}\\&=\$60,000+(\$60,000\times25\%)\\&=\$60,000+\$15,000\\&=\$75,000\end{aligned}

Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.

Learn more about selling price, here:

brainly.com/question/3798799

You might be interested in
BuyCostumes.com is the fastest growing Internet apparel company. Since their founding in 1999 they have experienced the challeng
spin [16.1K]

Answer:

1. The correct answer is option (G) Company history, industry trends, economic forecast.

(2) The correct answer is option (B) Pop culture trends

Explanation:

Forecasting sales is an important strategy to any business organisation. It opens them up to opportunities in the market. Forecasting is done in order to increase sales  of company's products ans also to develop a business. During forecasting, the history of the company is very important since it makes customers to be easily convince.

6 0
3 years ago
The broker while creating a CMA does not usually consider the full range of data about market conditions and comparable sales th
tatiyna

Answer:

less reliable than the appraiser's.

Explanation:

in such a scenario the broker's opinion of value will be less reliable than the appraiser's. This is mainly because the broker does not have all the information that the appraiser has and is making his opinion without this information, which may lead to unforeseen consequences that would not otherwise occur if the broker had this information and was able to see a much bigger picture of the situation to incorporate into his opinion.

7 0
3 years ago
Latoya has $113.94 in her checking account. During the week she goes to an atm and withdraws $40. she is charged a usage fee of
Maksim231197 [3]

She has 168.49 in her bank account

3 0
3 years ago
A sales associate wants to earn at least $90,000 next year. she plans that 60% of the income will come from listings sold and 40
Nataly [62]
60% of $90,000 is: 60/100*90,000=0.6*90,000=54,000
<span>So, the sales associate plans $64,000 from the total income to come from sold listings .
</span>40% of $90,000 is: 40/100*90,000=0.4*90,000=36,000
So, the sales associate plans $36,000 from the total income to come from sales made.
<span>If the average commission from listings sold is $3,000 she must cell X=64,000/3000=21,3 ~22 listings (at least) in order to achieve her goal.</span>
5 0
3 years ago
The top managers of Promedium Inc. are creating a master budget for the company. They require a statement of the budget goals fr
Anettt [7]

Answer:

The correct answer is budget slack.

Explanation:

Budget slack occurs in a company when one or more people with budgetary responsibility create a budget that overestimates expenses and / or underestimates projected income or income.

Intentional budget slack can occur because a manager feels under the weapon to "make their numbers", often in response to previous quarters where revenues fell below projections and, more importantly, did not meet expectations of the owners or shareholders.

4 0
3 years ago
Other questions:
  • A _____ is a small piece of ownership in a company
    7·2 answers
  • Under which of the following conditions will the FIFO method produce the same cost of goods manufactured as the weighted-average
    6·1 answer
  • Ivanhoe Company has a factory machine with a book value of $88,100 and a remaining useful life of 7 years. It can be sold for $3
    14·1 answer
  • Brush Industries reports the following information for May: Sales $ 980,000 Fixed cost of goods sold 116,000 Variable cost of go
    12·1 answer
  • The economy of Suielevia is under severe financial distress. Over the last few months, the economy has gradually picked up and t
    14·1 answer
  • The measure of the total annual income received by residents of a nation is called _____.
    12·2 answers
  • Criminal law defines crimes, establishes punishments, and includes payment for personal injury.
    13·1 answer
  • Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair
    8·1 answer
  • Printers today have many features that include improved quality, photo printing capabilities, digital camera connectivity, built
    13·1 answer
  • Recent WTO estimates show that all countries combined exported ________ valued at $19.4 trillion and ________ valued at $5.2 tri
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!