l in the blanks in the following table. Round your answers to 2 decimal places. Cost ($) Amount of Markup ($) Selling Price ($) Rate of Markup on cost (%) Rate of Markup on Selling Price (%) Amount of Markdown ($) Rate of Markdown (%) Reduced Selling Price ($) a. $261.50 $57.50 $52.75 b. $842.57 $252.50 20.00% c. $62.00 7.00% $442.00 d. $4.25 27.00% $2.25 e. $173.25 39.00% 16.00% f. $8,770.00 43.00% $7,622.00
l in the blanks in the following table. Round your answers to 2 decimal places. Cost ($) Amount of Markup ($) Selling Price ($) Rate of Markup on cost (%) Rate of Markup on Selling Price (%) Amount of Markdown ($) Rate of Markdown (%) Reduced Selling Price ($) a. $261.50 $57.50 $52.75 b. $842.57 $252.50 20.00% c. $62.00 7.00% $442.00 d. $4.25 27.00% $2.25 e. $173.25 39.00% 16.00% f. $8,770.00 43.00% $7,622.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Fill in the blanks in the following table. Round your answers to 2 decimal places.
Cost ($) | Amount of Markup ($) | Selling Price ($) | Rate of Markup on cost (%) | Rate of Markup on Selling Price (%) | Amount of Markdown ($) | Rate of Markdown (%) | Reduced Selling Price ($) | |
a. | $261.50 | $57.50 |
|
|
|
$52.75 |
|
|
b. | $842.57 |
|
|
|
|
$252.50 | 20.00% |
|
c. |
|
$62.00 |
|
|
|
|
7.00% | $442.00 |
d. | $4.25 |
|
|
|
27.00% | $2.25 |
|
|
e. | $173.25 |
|
|
39.00% |
|
|
16.00% |
|
f. |
|
|
$8,770.00 | 43.00% |
|
|
|
$7,622.00 |
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