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S. Jones of San Diego sold Smith of Boston a video system n/30 FOB San Diego. Jo

ID: 2406262 • Letter: S

Question

S. Jones of San Diego sold Smith of Boston a video system n/30 FOB San Diego. Jones agreed the discount period and pays back the freight owed, what with a $6,000 list price. Sale t terms to prepay the $35 freight. Assuming Smith pays the invoce does Smith pay lones? markup based on cost? Round up is based on cost. If the cost of a bike is $75 and sells for $110, what is the percent f to nearest hundredth percent. 1IO 7. Camille sells lamps for $98.00 that cost her $60.00. What was Camille's percent of markup based on the selling price? Round to nearest hundredth percent. Convert a 30% markup percent on cost to markup percent on selling price. Round to nearest hundredth percent. 8. 9. Calculate the final selling price to nearest cent Original Final 1st 2nd Price Markdown Markdown Markup Markdown $5,000 Selling 4% 5% 8% 12%

Explanation / Answer

Sorry dear que 5 is not readable so I will answer remains que please put que 5 in comment if possible

Answer 6) % of mark up on cost

Profit = 110-75 = 35

Mark up on

cost 35/75 = 46.67%

Answer 7)

Profit = 98-60 = 38

Mark up = 38/98 = 38.78%

Answerr) 8) assume cost 100

So mark up 30

Selling price. 130

Mark up on sale 30/130= 23.08%

Answer 9)

S.p 5000

Less markdown(12%) 600

4400

Less markdown (8%). 352

4048

Mark up (4%). 162

4210

Mark down (5%) 210.5

Final selling price 4000