Afurniture store buys 100 footstools from a distributor at a cost of $230 each plus an overhead charge of $50 per order. the retail markup is 25% on the total price paid. find the profit on the sale of one footstool.

The profit on the sale of one footstool is $57.625

Explanation:

The steps for computing the profit on the sale of one footstool:

1. First, we have to compute the overhead cost per footstools. It is shown below:

= Overhead charge ÷ number of footstools

= $50 ÷ 100

= 0.5

2. Then add the overhead cost per footstools with the cost price

So, the value would be equal to

= Cost price + overhead cost for per footstools

= $230 + 0.5

= $230.5

3. After that, multiply the step 2 amount with the retail markup percentage.

So, the profit would be equal to

= Step 2 amount × retail markup percentage

= $230.5 × 25%

= $57.625

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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