PERCENTAGE!!! (pls help!)?

Question

Are these correct?
A chair costing 85 is sold at a gain of 60%. Find the selling price. Is it 136?

Find the cost of an electrical fire marked 34 + vat at 17.5% I got 39.950

The selling price excluding VAT of a CD player is 127.50 . If this includes a markup of 50% find the buying price. Is it 85?

Answer 1

All Three answers are correct

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85 x 0.6 = 51

85 + 51 = 136

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34 x .175 = 5.95

34 + 5.95 = 39.95

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85 x .5 = 42.5

85 + 42.5 = 127.5

Answer 2

$85 cost sold at 60% Mark up.

Take the complement of 60% to 100%=40%
Divide cost $85 by 40%, the complement.
85/.40=$212.50 =Selling Price
Prove---$212.50 X 40%=$85 Cost.
Gross profit margin=212.50 X 60%=127.50.
$127.50 + 85 =$212.50

When one divides the "complement %" into the "cost", it stands that by multiplying the % times the selling price, the result equals the cost.

Always bear in mind that a Mark Up, the percent that one wants to "gain" is that % of the selling price, NOT, on the cost.
That would be called a "Mark On", % X the cost. Not normally done.
Different than Mark Up.
It's figured this way because all expenses are computed as a percent of total sales at retail, not at cost.

Electrical fire ?? Correct

CD player
Retail =$127.50, "excluding vat." ???

50% Mark up=100.0 -0.50=50%
$127.50 X 50%=$63.75 Cost??
Not certain that this is what you're asking.
Don't know how you got $85.00.

Answer 3

Sellig price is 136
it goes like this 85/100*60+85=136

Answer 4

i got for the first oart 136 because 85 X 0.6 i added 51 to 85 = 136
on the second part i got 39.95 because 34 X 0.175 = 5.95 then i added 34 +5.95 and got 39.95
then i added bothe numbers together and got 175.95
then i divided 175.95 by 0.5 and got 87.975 which when rounded is 87.98 or 88

Answer 5

Yes to all 3

Answer 6

You have the correct answers!

Answer 7

first two are correct..
wat is value of vat in third..

Answer 8

All three are correct.