Math Help: A merchant realizes a markup of $42 by selling an item at a markup of...

cfabre33

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Hi,

I need help with this question. I am stuck on part 4
:)

A merchant realizes a markup of $42 by selling an item at a markup of 37.5% of cost. The merchant's overhead expenses are 17.5% of the regular selling price. At a promotional sale, the item was reduced in price to $121.66.

1)
What is the regular selling price?
Answer: $154

2)
What is the rate of markup based on the regular selling price?
Answer: 27.27%

3)
What is the rate of markdown?
Answer: 21%

4)
What is the profit of loss during the promotional sale? [x4] (use negative number to represent the loss)
Answer:

Thank you for your help!
:)
 
Last edited:
A merchant realizes a markup of $42 by selling an item at a markup of 37.5% of cost. The merchant's overhead expenses are 17.5% of the regular selling price. At a promotional sale, the item was reduced in price to $121.66.

1)
What is the regular selling price?
Answer: $154

2)
What is the rate of markup based on the regular selling price?
Answer: 27.27%

3)
What is the rate of markdown?
Answer: 21%

4)
What is the profit of loss during the promotional sale? [x4] (use negative number to represent the loss)

Thank you for your help!
:)

You have the questions - you have the answers. Where is your difficulty?
 
Hi,

My difficulty is the last part :)
Sorry I should have specified it. I will change the question.
Thank you!!
 
Hi,

I need help with this question. I am stuck on part 4
:)

A merchant realizes a markup of $42 by selling an item at a markup of 37.5% of cost. The merchant's overhead expenses are 17.5% of the regular selling price. At a promotional sale, the item was reduced in price to $121.66.

1)
What is the regular selling price?
Answer: $154

2)
What is the rate of markup based on the regular selling price?
Answer: 27.27%

3)
What is the rate of markdown?
Answer: 21%

4)
What is the profit of loss during the promotional sale? [x4] (use negative number to represent the loss)
Answer:

Thank you for your help!
:)
I do not understand the last question - "profit of loss".

Did you post the problem correctly?
 
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