Tatiana runs a Russian fashion accessory business and would like to know the selling price of her
Question:
Tatiana runs a Russian fashion accessory business and would like to know the selling price of her outfits. Based on the following cost of sales and cost-plus assumptions, calculate the selling price of:
a) a belt with a cost of sales of 800 rubles and rhark-up of 25%
b) a handbag with a cost of sales of 1,500 rubles and mark-up of 40%
c) ascarf with a cost of sales of 1,200 rubles and mark-up of 30%. Her supplier, Timur, needs to make certain sales margins on the following items.
Calculate his selling price to Tatiana for:
d) ahat with a cost of sales of 630 rubles and a sales-margin of3 0%
e) gloves with a cost of sales of 330 rubles and a sales-margin of 40%
f) awrap with a cost of sales of 525 rubles and a sales-margin of 25%.
Step by Step Answer:
Accounting A Smart Approach
ISBN: 9780199587414
1st Edition
Authors: Mary Carey, Jane Towers Clark, Cathy Knowles