Thursday

April 24, 2014

April 24, 2014

Posted by **Haydee** on Saturday, August 26, 2006 at 9:49pm.

what is the process?

also another one as priced $73 marked down and sold for $54.75? what was the % markdown?

Alright Haydee, I'll make some guesses.

His profit is $127.89 - $87 per chair. How much is that? Since the cost is $87, if you divide the profit by cost that should answer the first part.

I think (I'm not certain) this is called MU-%-C. Your text should provide some idea for this.

For the last one, the markdown should be $73 - 54.75. If you put this over $73 that should be the markdown %.

These terms are covered in some kind of business math course -which I didn't take. Hopefully someone else can verify these terms.

the way u explain is more understandable than my workbook.

Thanks for your confidence, but let's make sure the answers are right too.

To get the percent you need to multiply the decimals by 100.

Thus the first should be (127.89 - 87)/87 x 100 = 40.89/87 x 100 = 47%

You need to multiply the last one by 100 as well. It should be 18.25/73 x 100 = 25%

**Related Questions**

math - a lumberyard makes picnic tables for $87.00 and sells them for $127.89. ...

math - At The Luminary, the markup on a halogen light fixture is 50% based on ...

math - A backery makes loaves of bread for $1.40 and sells them for $1.75 per ...

math - An item has a 45% markup based on selling price. What is the equivalent ...

math - If the markup of a fluorescent light fixture transformer is 120% based on...

Math - An item has a 45% markup based on selling price. What is the equivalent ...

math - If the markup of a fluorescent light fixture transformer is 120% based on...

math - At The Luminary, the markup on a halogen light fixture is 50% based on ...

math - At The Luminary, the markup on a halogen light fixture is 50% based on ...

Math - What is the percent markup based on cost for the shirts in the previous ...