Calculate the Missing Information, Rounding Dollars to the Nearest Cent

question 94

Short Answer

Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: $$\begin{array} { l l l l l } & \text { Original } & \text { Amount of } & \text { New Sale } & \text { Markdown } \\\underline {\text { Item }} & \underline { \text { Selling Price }} & \underline { \text { Markdown } } & \underline { \text { Price } }& \text { Percent }\\\text { Washer} &\$395.00&&&15\%&&\end{array}$$

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Definitions:

Direct Labor

The cost of wages and benefits for employees directly involved in the production of goods or services.

Raw Materials

The initial inputs in production, including basic substances used to manufacture goods.

Direct Labor

The cost of wages for the employees who are directly involved in producing a product or delivering a service.

Hourly Worker

An employee whose pay is based on the number of hours worked rather than receiving a fixed salary.