What percentage of the selling price is the profit
In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
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A company had inventory on November 1 of 18 units at a cost of $22 each. On November 2, they purchased 23 units at $23 each. On November 6, they purchased 19 units at $25 each.
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Through January 2003, Mohawk sold merchandise for $16,000 ($7,000 cash, $9,000 on credit). The merchandise had been carried on Mohawk's books for $7,000.
January 1, Peter began a calendar year business. It is a dog grooming business Favre's Palace. Peter place the following assets in service during the year:
Early in 2014, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on June 1, 2014 and was completed.
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What is Claire's tax liability on her investment activity if she is single and has adjusted gross income of $50,000?
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