Asked by Kaylee Mariee on Apr 24, 2024
Verified
A dining set was purchased by Sears for $903 less 28% and 6%. Sears marks up this product by 38% of cost. If operating expenses amounted to $67.23, then determine the operating expenses as a percentage of selling price.
Operating Expenses
Definition: Costs associated with the day-to-day operations of a business, excluding cost of goods sold.
Sears
A former major American chain of department stores known for selling a wide range of products, from clothing to appliances.
- Acquire comprehension and utilize several percentage calculations in retail pricing, entailing markdowns, markups, and discounts.
- Calculate operating expenses as a percentage of selling price.
Verified Answer
SG
Learning Objectives
- Acquire comprehension and utilize several percentage calculations in retail pricing, entailing markdowns, markups, and discounts.
- Calculate operating expenses as a percentage of selling price.