Think about the following problems and post your replies below. You must show all work to receive partial credit. No credit will be given for correct answers with no supporting work. You answer must be contained in one single post. Problem #1. A scientific calculator has a cost of $17.29 and a selling price of $26.49. (a) What is the amount of markup on the calculator? (b) What is the percent markup based on cost? (c) What is the corresponding percent markup based on selling price?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Think about the following problems and post your replies
below. You must show all work to receive partial
credit. No credit will be given for correct answers
with no supporting work. You answer must be
contained in one single post.
Problem #1. A scientific calculator has a cost of $17.29
and a selling price of $26.49.
(a) What is the amount of markup on the calculator?
(b) What is the percent markup based on cost?
(c) What is the corresponding percent markup based on
selling price?
Problem #2. You make 90 fancy chocolate tarts for
Valentine's Day bake sale at a cost of $3.25 each. If a
spoilage rate of 5.5% is anticipated, at what price should
you sell the tarts to achieve 35.5% markup based on
cost?
Transcribed Image Text:Think about the following problems and post your replies below. You must show all work to receive partial credit. No credit will be given for correct answers with no supporting work. You answer must be contained in one single post. Problem #1. A scientific calculator has a cost of $17.29 and a selling price of $26.49. (a) What is the amount of markup on the calculator? (b) What is the percent markup based on cost? (c) What is the corresponding percent markup based on selling price? Problem #2. You make 90 fancy chocolate tarts for Valentine's Day bake sale at a cost of $3.25 each. If a spoilage rate of 5.5% is anticipated, at what price should you sell the tarts to achieve 35.5% markup based on cost?
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