Ace Hardware Purchased 15 Shovels from Skill Company for $7

question 50

Short Answer

Ace Hardware purchased 15 shovels from Skill Company for $7.00 each. Ace's markup is 33% on selling price. What should Ace charge for the shovels? (Round to hundredths.)

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Definitions:

Census Bureau

A national agency responsible for collecting, analyzing, and publishing statistical data about the population, economy, and resources of a country.

Under-count

An instance when the actual number of individuals or items is higher than what is officially recorded or reported, often seen in population censuses or surveys.

Cohabiting

Living together and having a sexual relationship without being married.

Acculturation

The method through which people adopt the cultural characteristics or social behaviors of a different group.