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LA

Lichien Angela

5 days ago

Salestopia purchases rebuilt engines for resale. Recently, it purchased engines from a wholesaler for $4,908 less 37%, 16% and 3%. Operating costs are 57% of the cost of the engine. Salestopia usually marks up the engines by 54% of the selling price. If the engines were to be sold at a break-even price, then determine the markdown percentage.

A) 28.98%
B) 27.78%
C) 26.67%
D) 16.54%
E) 6.13%

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NC

nolene crabtree

5 days ago

What is the break-even selling price?

A) $34.50
B) $54.00
C) $55.50
D) $60.00
E) $48.60

CA

Chloe Avenaim

5 days ago

The net price on an item is $327. The list price is $855. What is the rate of trade discount?

A) 61.8%
B) 52.8%
C) 44.0%
D) 38.2%
E) 16.1%

DA

Daniel Ahmedov

5 days ago

Solve the proportion: 2.6 : 5.5 : 10 = 13 : x : y

A) 50; 27.5
B) 5.5; 20
C) 27.5; 50
D) 11; 20
E) 26; 11

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KM

Kirlus Moawad

5 days ago

Fasbe Corporation purchases computers at a cost of $425 less 9%. Its policy is to mark-up the cost of the computers by 40% of the selling price. As well, operating expenses are 15% of cost. In order to breakeven, Fasbe has to markdown the selling price by 33%.

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JB

Jennifer Bennett

5 days ago

Roller skates cost a retailer $120.00 less 20%, 10%. The retailer sold them for $150.00. What was the rate of mark-up on cost?

A) 20%
B) 44%
C) 55%
D) 73.6%
E) 42.4%

RH

renzer hayer

5 days ago

M Studios buys cameras at a unit cost of $150. Their operating expense is 20% per unit of cost, and their desired unit operating profit is 30% of cost. What is M Studios' rate of mark-up on cost?

A) 33.3%
B) 20%
C) 50%
D) 30%
E) 25%

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DE

Dontrice Edwards

5 days ago

An invoice for $2,500 dated September 15 with terms 2/10, 1½/20, n/30, EOM is received in the mail on September 20. A payment of $1500 is made on October 20. How much is credited to the account?

A) $1,522.50
B) $1,530.61
C) $1,560.60
D) $2,537.50
E) $1,522.84

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MR

Mikael Rizvi

5 days ago

An invoice dated January 22 has payment terms of 3/25, n/90. On what date would the cash discount expire?

A) February 1
B) February 16
C) February 28
D) March 3
E) April 22

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MB

Melita Bahor

5 days ago

Kuldip's factory manufactures toys that sell for $29.95 each. The variable cost per toy is $11, and the total fixed costs for the month are $45,000. What would unit sales have to be to attain a net income over $12,000?

A) 3,050 units
B) 2,900 units
C) 2,950 units
D) 2,996 units
E) 3,008 units

JS

Jagjeet Samra

5 days ago

Mike is supposed to pay $750 to Sarah, but wishes to delay it for 48 days. Determine the amount Sarah should expect in 48 days if the rate of interest is 6.55%

A) $756.46
B) $765.66
C) $771.55
D) $793.12
E) $795.61

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KP

Krisha Patel

5 days ago

A 12½% discount allowed on an article amounted to $25.50. What was the list price?

A) $204.00
B) $229.50
C) $3.19
D) $29.14
E) $178.50

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NL

Naldo Lewis

5 days ago

A manufacturing company is studying the feasibility of producing a new product. The selling price is expected to be $80. The new production line would manufacture up to 9,000 units at a variable cost of $15 per unit. Fixed costs would be $150,000. Variable selling and administration expenses would amount to $5. Determine the break-even point as a percent of capacity.

A) 27.78%
B) 28.55%
C) 29.32%
D) 32.45%
E) 41.62%

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RM

Rosalie Maniquiz

5 days ago

Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates his variable costs to be $6 per meal and fixed costs are $12,000 per month. Cliff has the capacity to serve 2,000 meals per month. At full capacity, what is Cliff's net income?

A) $12,000
B) $10,000
C) $15,000
D) $7500
E) $14,500

ML

Megan Lydon

5 days ago

A small company can produce 500 dolls per week. The doll retails for $30. The variable costs are $7.50 per doll and fixed costs are $9,000 per week. How many dolls must be sold each week to produce a net income of $1125?

A) 400 dolls
B) 425 dolls
C) 450 dolls
D) 475 dolls
E) 375 dolls

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YB

yousef bahlooz

5 days ago

If you pay your $3,000 tuition 3 months before it is due, the local college will give you a $250 "scholarship" reducing your tuition payment to $2,750. What is the annual simple interest rate to which this incentive is equal?

A) 36.4%
B) 9.1%
C) 8.3%
D) 33.3%
E) 27.3%

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RR

Raihan Rahman

5 days ago

A manufacturing company is considering producing a new product. The variable cost of the new product is $60 per unit, and the total fixed costs are $75,000 for a month. The company could produce 1,500 units per month, and sell the product for $125 each. Calculate the unit contribution margin.

A) 65
B) 50
C) 60
D) 125
E) 80

TL

Tuy?n Lê Th? Thanh

5 days ago

A manufacturing company is considering producing a new product. The variable cost of the new product is $60 per unit, and the total fixed costs are $75,000 for a month. The company could produce 1,500 units per month, and sell the product for $125 each. What would be the net income at 75% capacity?

A) loss $3,500
B) loss $250
C) loss $1,800
D) loss $1,875
E) loss $2,025

PK

pauline kolobe

5 days ago

After how many days will a loan of $888 at 15% amount to $1554 (including accrued interest) ?

A) 1825 days
B) 365 days
C) 100 days
D) 2,025 days
E) 525 days

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MZ

Mian Zahaib ahmed

5 days ago

In how many months will $6,000 earn interest of $2,700 at 15%?

A) 3 months
B) 36 months
C) 4 months
D) 60 months
E) 1 month