A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is the sale price?
A) $158.76
B) $180.00
C) $252.00
D) $141.12
E) $211.68
Correct Answer:
Verified
Q86: Burlingame Carpets received a cheque for $8000
Q87: Lakeside Marine received an invoice from Osborne
Q88: McFee Furniture received an invoice dated September
Q89: An invoice for $8000 dated September 1
Q90: An invoice for $75,000 dated March 15
Q92: A product costing $350, less 30%, 20%,
Q93: A 12½ % discount allowed on an
Q94: The net proceeds to the vendor of
Q95: After discounts of 20% and 10%, an
Q96: The rate of markup on selling price
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