Asked by Bryan Flores on Jun 30, 2024
Verified
Office furniture was purchased by a retailer for $506 less 32% and 9%. There is a 39% mark-up on cost and operating expenses are 14% of selling price. If the retailer put the furniture on sale to realize an 18.15% mark-up, determine the price it was sold.
Operating Expenses
The day-to-day expenses involved in running a business, such as rent, utilities, and payroll, crucial for maintaining operations.
Office Furniture
Furniture engineered for use in a workplace setting, including desks, chairs, and filing cabinets.
Mark-up
The supplementary cost added to goods for overhead coverage and profit realization.
- Achieve understanding and undertake various percentage calculations in the arena of retail pricing, inclusive of markdowns, markups, and discounts.
- Ascertain the monetary return or deficit incurred from a sale, by examining the expense of procurement, price at sale, and costs of operation.
Verified Answer
AM
Learning Objectives
- Achieve understanding and undertake various percentage calculations in the arena of retail pricing, inclusive of markdowns, markups, and discounts.
- Ascertain the monetary return or deficit incurred from a sale, by examining the expense of procurement, price at sale, and costs of operation.