Question

~PLEASE HELP ASAP OFFERING 25 POINTS ASAP PLEASE ANSWER ALL QUESTIONS~

THIS IS CONSUMER/BUSINESS MATH~
USE THE FOLLOWING EQUATIONS TO HELP YOU ANSWER THE QUESTIONS
Selling Price = Cost divided by the complement of markup rate
Cost =Selling Price - Markup
Markup = Selling Price - Cost
Net Profit = Markup - Overhead
Net Profit = Selling Price - Costs - Overhead
Overhead = Selling Price X Overhead percent

Answer 1

02

Explanation:

Answer 2

6. If 55% of the selling price is markup, the remainder (45%) is the cost. Gaitan can pay up to 45% of 489.50 = $220.28.

7. If 52% of the selling price is markup, the remainder (48%) is the cost. 48% of the selling price is $38.87.

... 0.48 × selling price = cost

... selling price = cost/0.48 = $38.87/0.48 = $80.98

8. If 40% of the selling price is markup, the remainder (60%) is the cost, $12.95.

... 0.60 × selling price = $12.95

... selling price = $12.95/0.60 = $21.58

9. If 35% of the selling price is markup, the remainder (65%) is the cost.

... 0.65 × $24.00/dz = $15.60/dz

10. If 60% of the selling price is markup, the remainder (40%) is the cost. Veronica can pay up to 40% of $600.00 = $240 for the jacket.