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:

Operating Income

A measure of a company's profit that excludes non-operating expenses such as interest and taxes, focusing on the profit generated from core business operations.

Strategic Performance Measurement System

A framework that integrates financial and non-financial performance indicators to assess an organization's effectiveness in achieving its strategic objectives.

Balanced Scorecard

A management and planning system designed to align a company's operations with its vision and strategic objectives, enhance communication both internally and externally, and track the performance of the organization in relation to its strategic targets.

Lean Management System

An approach focused on reducing waste and improving process efficiency to deliver value to customers.