A discount furniture store bought a waterbed at the wholesale price of $665. The "regular price" of the waterbed is set so that, in a "20% off" sale, the rate of markup on selling price is 30%.
a) What is the price of the waterbed in a "20% off" sale?
b) What is the "regular price" of the waterbed?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q62: Water Sports Ltd. pays $360 less 25%
Q63: A lawn mower retails for $349. The
Q64: United Furniture buys reclining rocking chairs at
Q65: Fashion Master purchased men's sweaters for $72
Q66: Mr. Vacuum obtains vacuum cleaners for $720
Q68: Sonic Boom obtained a stereo system for
Q69: Furniture Warehouse bought upright freezers for $1800
Q70: Specialty Builders Supply has two sources for
Q71: In addition to the regular trade discount
Q72: The Pro Shop at Sunny Lake Golf
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents