Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 A clothing store buys sweaters for $48.00 less 47% for buying over 50 pairs, and less a further 11-% for buying last season's

 

1 A clothing store buys sweaters for $48.00 less 47% for buying over 50 pairs, and less a further 11-% for buying last season's style. The sweaters are then marked up to cover overhead expenses of 1 40% of cost and a profit of 29-% of cost. 4 (a) What is the regular selling price of the sweaters? (b) What is the maximum amount of markdown to break even? (c) What is the rate of markdown if the sweaters are sold at the break-even price? 4 (a) The selling price is $ 38.20. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The amount of the markdown to break even is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer a Regular Selling Price Discounted Cost after Buying over 50 pairs Discount 47 Cost 4800 Disc... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Business Mathematics with Canadian Applications

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

10th edition

133052311, 978-0133052312

More Books

Students also viewed these Accounting questions