A Dealer Bought Personal Computers for $2250

question 86

Essay

A dealer bought personal computers for $2250.00 less 41%, 31%. They were sold for $1585.00.
a) What was the markup as a percent of cost?
b) What was the markup as a percent of selling price?

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Definitions:

Negotiating

Negotiating is the process of discussing to reach an agreement or compromise between parties with differing needs, interests, or viewpoints.

Formalizing

The process of establishing official procedures, rules, or structures within an organization or system.

Goal Setting

The process of establishing specific, measurable, achievable, relevant, and time-bound objectives.

Performance

The degree to which an individual, group, or organization achieves its goals and meets expected standards of work.