What answers do you have?
Ivan
Please help me to solve this question. Need answer ASAP!
A retailer bought 35 silver bracelets at $1575. The retailer wanted a markup of 40% based on selling price and wanted to have 25% net profit on selling price. For EACH silver bracelets, find:
a) the selling price
b) the operating expenses
c) the mark-up rate based on cost
d) the minimum selling price that could be given without incurring any loss
e) the net profit or loss if the retailer sold it at a 15% discounted price.
TQ.