Hall’s Equipment and Service purchased $10,654.89 worth of parts in July and a combine for $275,650 in August. Hall’s markup on the parts is 25.5 percent, and on the combine it is 3.9 percent.
a. How much is the total investment?
b. What is the markup on the parts?
c. What is the markup on the combine?
d. What is the average rate of markup on the total investment?
a. $286,334.89
b. $2,717.00
c. $10,759.35
d. 4.7%
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