Question
Question 15 [12 points] Erter the 4 missing pieces of information. For fll marks your dollar answer(s) should be rounded to the nearest cent and your percent answer(s) should be accurate to 2 decimal places. For example 34.56% . Cost Markup on cost percentage Markup on cost percentage Markup on selling price percentage Markup on selling price percentage Selling price Selling price Markdown Rate of markdown Rate of markdown Sale price Sale price 599.64 20.00% 0.00% 0.00 0.00 40.00% 0.00 Cost "Markup on cost percentage" "Markup on selling price percentage" "Selling price" Markdown "Rate of markdown" "Sale price" 599.64 20.00% 0.00% 0.00 0.00 40.00% 0.00
Solution
4.5
(230 Votes)
Rose
Master ยท Tutor for 5 years
Answer
1.
359.78 4. 50.00%
Explanation
1. **Markup on Selling Price Percentage**: The markup on cost is 20.00%, and the cost is
2. **Selling Price**: The selling price is calculated as follows:
3. **Rate of Markdown**: The rate of markdown is given as 40.00%. 4. **Sale Price**: To find the sale price, we use the formula:
6. **Rate of Markdown on Selling Price**: To find this, we use the formula:
Thus, the four missing pieces of information are:1. Selling Price:
359.784. Rate of Markdown on Selling Price: 50.00%