Asked by Angelique Roberts on Jun 03, 2024
Verified
The wholesale price of an industrial part is $5,523 less 37% and 25%. The retailer has a mark-up on cost is 29.83%. Operating expenses for the retailer is 35% of selling price. If the part is sold for $2,879.80, determine the rate of mark-up actually realized.
Industrial Part
A component or section of an industrial sector or factory.
Mark-up Realized
The percentage increase between the cost of a product and its selling price, indicating the profit margin.
- Obtain knowledge and engage in diverse percentage calculations in retail pricing, such as markdowns, markups, and discounts.
- Evaluate the fiscal result, be it gain or deficit, from the transaction of an item, factoring in its initial expense, market price, and overheads.
Verified Answer
ZK
Learning Objectives
- Obtain knowledge and engage in diverse percentage calculations in retail pricing, such as markdowns, markups, and discounts.
- Evaluate the fiscal result, be it gain or deficit, from the transaction of an item, factoring in its initial expense, market price, and overheads.