Asked by Mitchell Balmas on Jun 14, 2024
Verified
Future Shop purchases computers for $787 less 31% and 6%. The normal retail price is 37% markup on cost. Determine the normal retail price
Future Shop
A now-defunct Canadian electronics retailer that was absorbed by Best Buy.
Normal Retail Price
The standard selling price of a good or service in the retail market before any discounts or promotions are applied.
Computers
Electronic devices that execute specific tasks based on programmed instructions, capable of processing, storing, and retrieving data.
- Understand and execute a variety of percentage calculations in retail pricing, like markdowns, markups, and discounts.
Verified Answer
RL
Learning Objectives
- Understand and execute a variety of percentage calculations in retail pricing, like markdowns, markups, and discounts.
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