A tire dealer bought tires from a wholesaler at $75.00 dollars each and sold the tires at a mark-up of 25% of cost.
a) Calculate the selling price of the tires.
b) Calculate the rate of markup based on the selling price.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q54: A merchant buys an item listed at
Q55: An appliance store sells electric kettles at
Q56: An invoice for $5999.00, dated June 27,
Q57: What is the regular selling price of
Q58: Encino Ltd. received an invoice dated February
Q60: A gross profit of $96.00 is made
Q61: A bed and bedding store sold a
Q62: A retailer paid $59.23 for a set
Q63: A skateboard costing $16.23 was marked up
Q64: A retail store realizes a gross profit
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