A store manager paid $181 for an item and set the selling price at $253.40. What was the percent markup

Answers

Answer 1

Based on the information given the percent markup is 40%.

Using this Formula

Percent markup=(New price-Old price)/Old price

Where:

New price=$253.40

Old price=$181

Let plug in the formula

Percent markup=( $253.40-$181)/$181

Percent markup=$72.4/$181

Percent markup=0.4 ×100

Percent markup= 40%

Inconclusion the percent markup is 40%.

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Related Questions

within just a few years of its inception, uber was operating in more than 35 countries around the world. by moving into new markets early, uber hoped to capitalize on

Answers

Considering the situation described above, by moving into new markets early, uber hoped to capitalize on the "first-mover advantage."

The first-mover advantage is a term often used in the business or strategy world to describe the company's capacity to be more successful than its competitors due to being the first company to enter the market in a new product category or new location.

Thus, when Uber moves to a new market early in a new country or location where there are no platforms like Uber, it is believed that Uber hoped to capitalize on a first-mover advantage to gain customers and revenues.

Hence, in this case, it is concluded that the correct answer is "first-mover advantage."

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which term refers to the mix of nations, economies, and cultures?

Answers

Answer:

globalization

Explanation: I just took this quiz

if a tax is imposed on a market with inelastic demand and elastic supply, then:

Answers

Answer:

Buyers will bear most of the burden of the tax

Explanation:

Hope it helps

state whether the item is an asset or a liability.)
i Motor Car
ii. Stock of goods
iii. Cash at bank
iv. Bank overdraft
v. The business owes a supplier for goods
vi. Loan
vii. Machinery
viii. Creditors
ix. Equipment
x. Money owing to bank

Answers

Answer:

v and i

Explanation:

If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes

Answers

Answer:

200b

100m263min taxes exchange

When applying the lower cost or market rule to the valuation of inventory, the allowance method is considered preferable to the direct method because
A. the allowance method reports a higher inventory net valuation for balance sheet purposes than the direct method
B. the allowance method reports the inventory loss or loss recover in a separate income statement account
C. the allowance method, unlike the direct method, reduces the value of inventory reported on the balance sheet
D. the allowance method reports smaller losses than the direct method

Answers

It should be noted that the allowances method is considered preferable because B. the allowance method reports the inventory loss or loss recover in a separate income statement account.

It should be noted that the most common approach when implementing the lower cost is to apply it to each individual item of inventory separately.

When applying the lower cost or market rule, the market value should not exceed the net realizable value. Also, the allowance method is more preferable than the direct method because it reports the inventory loss or loss recover in a separate income statement account.

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Exhibit 13-1
Bank
Increase in Checkable Deposits
New Required Reserves
New Checkable Deposits Created by Extending New Loans
A$0
$0
$1,000
B
$1,000
(A)
(B)
C
(C)
$90
(D)
D
$810
(E)
(F)
Assume that the required reserve ratio is 10%, that there are no cash leakages, and that banks hold zero excess reserves.
Refer to Exhibit 13-1. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At the end of this process of money creation, what is the total amount of new checkable deposits?
a. $100,000
b. $10,000
c. $1,000
d. $1,000,000

Answers

Answer:

1,000,000"

Explanation:

in 2013, the u.s. imported $2,294 billion of dollars in merchandise like computers, phones, coffee machines, and so on. in the same year, the us exported $1,593 billion of dollars in merchandise like cars, computers, phones, and so on. the difference of $702 billion dollars is known as ______________.

Answers

The balance of trade between the U.S. imports of $2,294 billion and its exports of $1,593 billion is known as the trade deficit.  The amount of the trade deficit is $701 billion.

Data and Calculations:

Total imports in 2013 = $2,294 billion

Total exports in 2013 = $1,593 billion

Trade deficit = $701 billion ($2,294 - $1,593)

Thus, the trade deficit arises when the U.S. imports goods of higher dollar value than its exports to other nations in 2013.

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How often is USPS mail typically delivered to a business?

Answers

Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.

True or False: You should calculate your regular monthly pay based on your Gross Pay.

Answers

Answer:

False

Explanation:

The gross pay refers to the salary you earn before taxes and other deductions are subtracted. Because of that, the answer is that the statement that says that you should calculate your regular monthly pay based on your Gross Pay is false because this amount is not equal to the amount you actually get when you are paid as the deductions have to be taken out and you receive less money.

A person should calculate his regular monthly pay based on his Gross Pay is the false statement.

What is Gross Pay?

The gross pay means the amount of salary that the assesses earn before taxes and other deductions under the section of Income Tax.

A person should calculate his regular monthly pay based on his Gross Pay is the false statement because this amount is not equivalent to the amount

that the asses actually get when he is paid, as the deductions assesses receive less money assesses receives the amount of salary after the deductions.

Therefore, the above statement is false.

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Think about the life cycle (i.e., Introduction, Growth, Shakeout, Maturity and Decline) of the electric vehicle industry. What stage of the life cycle is the electric vehicle industry?

Answers

It’s in growth stage.

A motor vehicle sold on credit to C. Kelly will require which of the following entries:



Debit Purchases, Credit C. Kelly

Debit motor vehicle, Credit C. Kelly

Debit C. Kelly, Credit purchases

Debit C. Kelly, Credit Motor vehicle

Answers

When a motor vehicle is sold to C. Kelly on credit, the relevant entries would be Debit C. Kelly, Credit Motor vehicle.

When an item is sold on credit to an entity, that entity becomes an Accounts Receivable. As this is an asset, it is debited when it increases which is the case here with C. Kelly purchasing the car on credit.

The motor vehicle account is an asset and assets are credited when they decrease. By selling the vehicle, the motor vehicle account will be credited to show that motor vehicles have decreased.

In conclusion, the accounting entry for the above scenario would be Debit C. Kelly, Credit Motor vehicle.

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Claire opened her own Starbucks franchise in her community. She is pleased with how quickly she was able to open her franchise and that she
was able to establish a good customer base from the start because of name recognition. However, since she started this business to be her
own boss, Claire is likely to

A. Invest in his own capital and national and local advertising programs
B. Take sole responsibility for all the decisions in the business
C. Embrace the franchisors restrictions because they lead to a greater chance for success
D. Resent the management training and support the franchiser provides
E. Get frustrated with the restrictions of the franchise

Answers

C. Embrace the franchise restrictions

Claire is likely to Embrace the franchisors restrictions because they lead to a greater chance for success option(c) is correct.

Who was Claire?

Claire was a person who gradually opened her Starbucks actually in her community she established a good customer base merely of her name in that organization.

As she is her own boss she accordingly embraces the franchisors restrictions which actually lead for more and more success of her.

Therefore Option(c) is correct.

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#SPJ2

pancakes and waffles are:
a.complements
b.normal goods
c.substitute
d.inferior goods

Answers

Answer:

they are always compliments

Explanation:

is this based on our opinion?

I think pancakes and waffles are Complements

Some customers are more valuable than others if they ______ the company. a. generate less revenue for b. communicate less with c. generate more revenue for d. communicate more with

Answers

Answer

communicate more with

Explanation:

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