Calculate the missing values in the following table. Express the answers rounded to two decimal places, wherever applicable. Cost Amount of Markup Selling Price Rate of Markup on Cost Rate of Markup on Selling Price $116.75 $27.75 % % $286.00 38.00% % $160.00 23.00% % $64.75 % 35.00% $154.50 % 36.00%
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Calculate the missing values in the following table. Express the answers rounded to two decimal places, wherever applicable.
| Cost | Amount of Markup | Selling Price | Rate of Markup on Cost | Rate of Markup on Selling Price |
| $116.75 | $27.75 |
|
%
|
%
|
|
|
|
$286.00 | 38.00% |
%
|
| $160.00 |
|
|
23.00% |
%
|
| $64.75 |
|
|
|
35.00% |
|
|
|
$154.50 |
|
36.00% |
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- Calculate the missing values and express your answers rounded to two decimal places. Cost Amount of MK Selling Price Rate of MK on Cost Rate of MK on Selling Price A $300.00 25.00% B $54.00 26.00%Calculate the missing values and express your answers rounded to two decimal places. Cost Amount ofMarkup SellingPrice Rate of Markupon Cost Rate of Markupon Selling Price a. $260.00 25.00% % b. $60.00 % 30.00%Fill in the blanks in the following table. Round your answers to 2 decimal places. Cost ($) Amount of Markup ($) Selling Price ($) Rate of Markup on cost (%) Rate of Markup on Selling Price (%) Amount of Markdown ($) Rate of Markdown (%) Reduced Selling Price ($) a. $261.50 $57.50 $52.75 b. $842.57 $252.50 20.00% c. $62.00 7.00% $442.00 d. $4.25 27.00% $2.25 e. $173.25 39.00% 16.00% f. $8,770.00 43.00% $7,622.00
- Calculate the missing values and express your answers rounded to two decimal places. a. b. Cost $0.00 $56.00 Amount of Markup Selling Price $350.00 Rate of Markup on Cost 25.00% % Rate of Markup on Selling Price 28.00% %The following information relates to CEE Company: (Refer to image). Assume that the company uses the average cost approach. What is the cost ratio? Express your answer in percentage and round up to two decimal points. * Retail Cost 500,000.00 Inventory, 12/31/2021 725,000.00 Purchases 1,285,000.00 2,220,000.00 Purchase returns 20,000.00 35,000.00 Purchase discounts 30,000.00 Sales (after employee discounts) 2,450,000.00 Sales returns 125,000.00 Sales allowances 70,000.00 Mark-ups Mark-up cancellations 160,000.00 70,000.00 Mark-down 65,000.00 Mark-down cancellations 32,000.00 Freight in Employee discounts Normal loss from breakage 65,000.00 15,000.00 10,000.00Question 11 Complete the following table. Show solutions correct to two decimal places. % Markup Based on Cost Cost $89 Selling Price Next Question Markup Amount % % Markup Based on Selling Price 30%
- Solve for the missing numbers.Markup is based on selling price. Round dollar amounts to the nearest cent. 54% C $ ? ? % M$ ? 100% S $55.38 O A. O C. 54% C $80.85 154% M $25.47 100% S $55.38 54% C $29.91 154% M $25.47 100% S $55.38 O B. O D. 54% C $29.91 46% M $25.47 100% S $55.38 54% C $25.47 46% M $29.91 100% S $55.38(e) Calculate the prices and the percentages. Cost = $114.00 Markup based on Selling Price 46% (Do not include the $ in your answer.) Selling Price = Markup = (Calculate percentages correct to 3 decimal places, do not include the % sign in your answers.) m. (Markup based on Cost) = (f) Calculate the prices and the percentages. Markup = $67.00 Markup based on Selling Price = 45% (Do not include the $ in your answer.) Cost = Selling Price = (Calculate percentages correct to 3 decimal places, do not include the % sign in your answers.) m. (Markup based on Cost) =Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Amount of Original Selling Price Markdown Item Markdown Sale Price Percent (in $) Sneakers $55.88 19.38 $36.50 X %
- The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; COGS: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? (Round to the nearest whole percentage.)You have the following information for Metlock, Inc. for the month ended October 31, 2022. Metlock uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 65 $22 Oct. 9 Purchase 140 24 Oct. 11 Sale 100 40 Oct. 17 Purchase 100 25 Oct. 22 Sale 65 45 Oct. 25 Purchase 75 27 Oct. 29 Sale 110 45The rate of markup on cost on a product selling at $66.45 is 41%. a. What is the cost of the product to the retailer? Round to the nearest cent b. What is the rate of markup on selling price? % Round to two decimal places