# Math

A retail outlet purchased 300 printers at a list price of \$100 less 7%, and 6%. The rate of markup on selling price on the printers was 40%. After selling 40% of the shipment, the rest of the printers were marked down to a reduced selling price. When there were only 40 printers left, the outlet marked these down to \$76

84.23 x 399 - 26.226

Markup = 40%

This is all I can figure out..

1. Hmmm. What does "list price of \$100 less 7%, and 6%" mean? Two successive discounts?

Also, after all the explanation, I don't see an actual question? What is it you are trying to calculate?

posted by Steve

## Similar Questions

1. ### Math

A retail outlet purchased 400 printers at a list price of \$80 less 6%, 3%. The Gross Profit Margin on the printers was 50%. After selling 50% of the shipment, the rest of the printers were marked down to a reduced selling price.
2. ### Math Calculus

The number of portable CD players you are prepared to supply to a retail outlet every week is given by the formula: q = 0.1p2 + 2p where p is the price it offers you. The retail outlet is currently offering you \$50 per CD player.
3. ### math

Find the retail price. List price of article = \$2,150 Percentage discount = 18% Retail price =
4. ### MATH(markup and markdown )

A hi-fi set was purchased for RM7000.The hi-fi set will be resold by offering an 8% discount.If the retailer wants a 18% gross profit based on the net retail price,find the list price.
5. ### Math

Assume that the retail price of the product is \$85, the cost is \$47, and the expenses are \$13. Compute a new sale price using the formula for markdowns, assuming a 15 percent discount. This is what I did, but I don't know where to
6. ### algebra

please check and correct if needed. thanks problem: you have coupon of \$50 off your telephone purchase of \$100 or more at bell store. a. write a function relating phone purchase price after coupon, y, to the retail price, x . give
7. ### microeconomics

The Consumer Price Index (CPI) for the year 2012 is 2.412 and the retail price per bushel for corn is \$US12.06. Using 1992 as the base year (I.e CPI is 100) by how much would the real price for corn have risen or fallen if the
8. ### computer science

Write a program that will input an item’s wholesale cost and its markup percentage. The program will output the item’s retail price. The program should repeat for several input values. For example, if an item cost is 5.00 and
9. ### stats

The mean tax-return preparation fee H&R Block charged retail customers last year was \$183 (The Wall Street Journal, March 7, 2012). Use this price as the population mean and assume the population standard deviation of preparation
10. ### math prob.

the purchasing director of a bank has just received a shipment of 100 printers. She has been told that the shipment includes 5 defective printers. She randomly selects two printers and tests them. If both printers work the

More Similar Questions