Question

A department store is selling microwaves bought from a manufacturer for $300, less a 15% trade...

A department store is selling microwaves bought from a manufacturer for $300, less a 15% trade discount. The store has marked the microwaves up by 27%. What is the selling price of the microwaves? If the store discounted the microwaves by 10%, what would the operating profit or loss be if overhead expenses are 8% of the cost ? Answer .... S=$323.85 , Profit of $16.07 .... need solutions please

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Answer #1

Given cost price = $(300*(100-15)%) = $(300*85%) = $(300*85/100) = $255.

Now, the selling price is = $[255*(100+27)%] = $(255*127%) = $(255*127/100) = $323.85.

After giving a 10% discount, the selling price will be = $(323.85*(100-10)%)

= $(323.85*90/100)

= $291.47

And, Total cost price = cost price of microwave + overhead expense

= $[255+(255*8%)]

= $[255+(255*8/100)]

= $[255+20.4]

= $275.4

Therefore, profit = selling price - cost price

= $(291.47-275.4)

= $16.07

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