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Flura [38]
3 years ago
11

Pete's Deli sells corned beef at $2.55 per pound. It pays its wholesaler $1.95 per pound. What is the markup rate based on A) co

st and B) selling price? (Round to nearest tenth percent.)
Mathematics
1 answer:
FinnZ [79.3K]3 years ago
4 0

Answer:

Step-by-step explanation:

Given

Selling price S.P.=\$ 2.55

Cost price C.P.=\$ 1.95

we know marked up price is

C.P.+markup=S.P.

Markup=2.55-1.95=\$ 0.6

So markup according to cost price

\Rightarrow \frac{0.6}{1.95}\times 100=30.76\ \%

Markup according to the selling price

\Rightarrow \frac{0.6}{2.55}\times 100=23.52\ \%

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lbvjy [14]

The level of measurement of each given variable are:

1. Ordinal

2. Nominal

3. Ratio

4. Interval

5. Ordinal

6. Nominal

7. Ratio

8. Interval

Level of measurement is used in assigning measurement to variables depending on their attributes.

There are basically four (4) levels of measurement (see image in the attachment):

1. <u>Nominal:</u> Here, values are assigned to variables just for naming and identification sake. It is also used for categorization.

  • Examples of variables that fall under the measurement are: Favorite movie, Eye Color.

<u>2. Ordinal:</u> This level of measurement show difference between variables and the direction of the difference. In order words, it shows magnitude or rank among variables.

  • Examples of such variables that fall under this are: highest degree conferred, birth order among siblings in a family.

<u>3. Interval Scale:</u> this third level of measurement shows magnitude, a known equal difference between variables can be ascertain. However, this type of measurement has <em>no true zero</em> point.

  • Examples of the variables that fall here include: Monthly temperatures, year of birth of college students

4. Ratio Scale: This scale of measurement has a "true zero". It also has every property of the interval scale.

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Therefore, the level of measurement of each given variable are:

1. Ordinal

2. Nominal

3. Ratio

4. Interval

5. Ordinal

6. Nominal

7. Ratio

8. Interval

Learn more about level of measurement here:

brainly.com/question/20816026

3 0
3 years ago
A number, half of that number, and one fifth of that number are added. The result is 51. What is the original number?
Lera25 [3.4K]
Let the original number be ‘x’
Then half of that number= 1/2x or simply x/2
Similarly one fifth of that number = x/5
According to the question
x+x/2+x/5=51
Taking LCM
10x/10+2x/10+5x/10=51
Multiplying 10 throughout
10x+2x+5x=510
17x=510
x=510/17
Therefore x=30
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Answer:

choice 1

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angle 1 = angle 7 (exterior alternate angle)

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