Asked by Kendra Gorsline on Apr 26, 2024
Verified
Jon Draper sold a small, lightweight garden tractor to a landscape company for use on landscaping jobs in small areas. The tractor had a cost of $3,190 and Draper sold it for $4,795. Compute the dollar markup.
Dollar Markup
The total of operating expenses and net profit. Markup expressed as an amount rather than as a percent.
Landscape Company
A business that provides services such as garden design, planting, and maintenance for outdoor environments.
Garden Tractor
A powerful, versatile lawn maintenance vehicle designed for heavy-duty tasks in larger gardens and yards.
- Apply the concept of markup to solve problems involving missing terms in various business scenarios.
- Evaluate the market price of products through analysis of the initial cost coupled with the percentage increase for profit.
Verified Answer
KA
Learning Objectives
- Apply the concept of markup to solve problems involving missing terms in various business scenarios.
- Evaluate the market price of products through analysis of the initial cost coupled with the percentage increase for profit.
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