6. SHOW PROCESS PLEASE A software company (ABC) bought 200 units of software XYZ
ID: 2806060 • Letter: 6
Question
6.
SHOW PROCESS PLEASE
A software company (ABC) bought 200 units of software XYZ, paying $2500 for the lot. ABC estimated its operating expenses for this product to be 35 % of the cost (on cost price), and wanted a net profit of 10% of the cost (total cost). What’s the retail selling price?
$16.87
$ 18.00
$ 18.12
$ 18.56
None of the above
5. A grocery store sells a box of chocolates at a mark up of 40% of the selling price. The store’s margin on that box of chocolates is $5. What was the cost of that box to the store? a. $2 b. $7 c. $7.5 d. $12.5 e. None of the above
6.
SHOW PROCESS PLEASE
A software company (ABC) bought 200 units of software XYZ, paying $2500 for the lot. ABC estimated its operating expenses for this product to be 35 % of the cost (on cost price), and wanted a net profit of 10% of the cost (total cost). What’s the retail selling price?
$16.87
$ 18.00
$ 18.12
$ 18.56
None of the above
Explanation / Answer
units 200 cost 2500 per unit cost 12.5 $B$3 operating expenses 4.375 =0.35*B3 total cost per unit 16.875 =B4+B3 profit 10% Selling price 18.5625 =B5*(1+B6)
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