- Joined
- Jan 29, 2011
- Messages
- 258
- Age
- 33
I'm in mathematics for business and this problem is really kicking my ass.
Here's the answer for the problem as seen in the back of my book:
(a)$63.62
(b)$40.75
(c)27%
American Antique paid $153.49 for a fern stand. It's original selling price was $208.78, but this was marked down 46% in order to make room for incoming mechandise. Operating expenses are 14.9% of cost. Find (a) the operating loss, (b) the absolute loss, and (c) the percent of absolute loss based on cost.
So show me how to do this problem plz you guys?
Here's the answer for the problem as seen in the back of my book:
(a)$63.62
(b)$40.75
(c)27%
American Antique paid $153.49 for a fern stand. It's original selling price was $208.78, but this was marked down 46% in order to make room for incoming mechandise. Operating expenses are 14.9% of cost. Find (a) the operating loss, (b) the absolute loss, and (c) the percent of absolute loss based on cost.
So show me how to do this problem plz you guys?
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