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A Natural Gas Oven Cost a Retailer $420

Question 75

Essay

A natural gas oven cost a retailer $420.00 less 37%, 22%, 3.75%. It carries a regular selling price on its price tag at a markup of 65% of the regular selling price. During the end-of-season sale, the barbecue is marked down 42%.
a) What is the end-of-season sale price?
b) What rate of markup based on cost will be realized during the sale?

Correct Answer:

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a) Cost = 420(1-0.37)(1-0.22)(...

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