Count Basie Pictures purchases wooden picture frames in bulk for $7.72 each and
marks them up...
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Mathematics, 05.05.2020 00:56 ninjaerik4
Count Basie Pictures purchases wooden picture frames in bulk for $7.72 each and
marks them up 140% of the cost. The overhead rate is estimated to be 20% of the
selling price. What is the net-profit rate on each frame!
(A) 8.6%
(C) 34.2%
(B) 17.1%
(D) 40.0%
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Answers: 3
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