First, we need to find out how much the wine merchant actually paid for the case of wine. The listed price is $144.00, but the merchant gets a 27% discount.

Step 1: Calculate the discount amount
27/100 * 144 = $38.88

Step 2: Subtract the discount from the listed price to find the actual cost
144 - 38.88 = $105.12

Next, we need to calculate the overhead and profit, which are based on the cost.

Step 3: Calculate the overhead
37/100 * 105.12 = $38.89

Step 4: Calculate the profit
51/100 * 105.12 = $53.61

Finally, we add the cost, overhead, and profit together to find the retail price.

Step 5: Add cost, overhead, and profit
105.12 + 38.89 + 53.61 = $197.62

So, the wine should be retailed for $197.62.

Question

First, we need to find out how much the wine merchant actually paid for the case of wine. The listed price is $144.00, but the merchant gets a 27% discount.

Step 1: Calculate the discount amount
27/100 * 144 = $38.88

Step 2: Subtract the discount from the listed price to find the actual cost
144 - 38.88 = $105.12

Next, we need to calculate the overhead and profit, which are based on the cost.

Step 3: Calculate the overhead
37/100 * 105.12 = $38.89

Step 4: Calculate the profit
51/100 * 105.12 = $53.61

Finally, we add the cost, overhead, and profit together to find the retail price.

Step 5: Add cost, overhead, and profit
105.12 + 38.89 + 53.61 = $197.62

So, the wine should be retailed for $197.62.

Knowee AI · Accepted Answer

First, we need to find out how much the wine merchant actually paid for the case of wine. The listed price is $144.00, but the merchant gets a 27% discount.

Step 1: Calculate the discount amount
27/100 * 144 = $38.88

Step 2: Subtract the discount from the listed price to find the actual cost
144 - 38.88 = $105.12

Next, we need to calculate the overhead and profit, which are based on the cost.

Step 3: Calculate the overhead
37/100 * 105.12 = $38.89

Step 4: Calculate the profit
51/100 * 105.12 = $53.61

Finally, we add the cost, overhead, and profit together to find the retail price.

Step 5: Add cost, overhead, and profit
105.12 + 38.89 + 53.61 = $197.62

So, the wine should be retailed for $197.62.

A wine merchant buys a case of wine for a listed price of $144.00 less 27% from a wine distributor. Overhead is 37% of cost and profit is 51% of cost. For how much should the item be retailed? $75.80 $211.35 Correct Answer $197.62 You Answered $159.78

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