Hello,
How do I please approach this problem?
Leidy furniture store made an annual 15% increase in revenue from 2011 to 2013. Cost of goods sold for all three years has stayed the same at 35% of the total cost, the average purchasing price of 1 item sold also remained the same at $800 and the mark up percentage was 130%, 150%, and 170% respectively in three years. Given that revenue in 2011 was $515,000 and the store always sold out all items by the end of each year, what was the number of items sold in each year?
Thanks
