Question

Harmony 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? *​

Answer 1

Answer:

Transcribed Image Textfrom this Question

dozen. WALIU 13. A (A) 17.3% (B) 24.4% Count Basie Pictures purchases wooden picture fram marks them up 140% of the cost. The over selling price. What is the net-profit rate on each frame! (A) 8.6% (B) 17.1% (D) 59.0% Pictures purchases wooden picture frames in bulk for $7.72 each and hem up 140% of the cost. The overhead rate is estimated to be 20% of the (C) 34.2% (D) 40.0% nak nlans a TV ad campaign. It will :11