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Answered

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A firm pays ​$52 for a car seat and wants a 34​% markup for operating expenses as well as a 6​% markup for profit.​ However, customers think the car seats are​ ugly, so they are not selling. Management reduces the price of each car seat by ​$25 to get rid of them.
Find ​(a) the selling​ price,
​(b) the reduced​ price,
​(c) the percent of​ markdown,
and ​(d) any operating or absolute loss.

Sagot :

mhanifa

Answer:

  • See below

Step-by-step explanation:

Initial cost = $52

Markup for operting expences = 34%

  • $52 + 34% = $52*1.34 = $69.68

Markup for profit = 6%

  • 69.68 + 6% = 69.68*1.06 = 73.86 (rounded)

a) The selling price is $73.86

b) The reduced price is:

  • $73.86 - $25 = $48.86

c) The percent of markdown:

  • 25/73.86*100% = 33.85% (rounded)

d) The absolute loss:

  • $69.68 - $48.86 = $20.82
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