A merchant realizes a markup of $42 by selling an item at a markup of 37.5% of cost. The merchant's overhead expenses are 17.5% of the regular selling price. At a promotional sale, the item was reduced in price to $121.66.
(a) What is the regular selling price?
(b) What is the rate of markup based on the regular selling price?
(c) What is the rate of markdown?
(d) What is the profit or loss during the promotional sale?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A merchant realizes a markup of $42 by selling an item at a markup of 37.5% of cost. The merchant's overhead expenses are 17.5% of the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Y=3/8x The constant of proportionality is
Answers (2)
Round the nearest dollar amount of $34.57
Answers (1)
There are 4 pitchers. Each has 1.8 liters of milk. About how many liters of milk in all?
Answers (2)
Betty makes pies. To make 6 pies, she uses 7.5 cups of flour. How many cups of flour are needed to make 1 pie?
Answers (1)
If you estimate 342 : 7 by using 350 : 7 by using 350 : 7 = 50, is 50 greater than or less than the exact answer? How did you decide? Is 50 an overestimate or an underestimate?
Answers (1)
New Questions in Mathematics
Brad puts an equal amount of money in his savings account once a month. He started with $25. The next month, he had $35 in his account. Two months after that, he had $55 in his account.
Answers (1)
What value of x makes this statement true? 3x + 4 = 9x - 8 A. - 2 B. 1 C. 2 D. 12
Answers (1)
Find the geometric mean of 4 and 10.
Answers (2)
Round 475 to the nearest hundred.
Answers (1)
in the recent presidential election, Ohio had 18 electoral votes. This is 20 votes less than Texas had. How many electoral votes did Texas have?
Answers (2)