Question
1. Find the stock turnover at cost and at retail. Round to the nearest hundredth. Average inventory at cost Average inventory at cost Cost of
1.Find the stock turnover at cost and at retail. Round to the nearest hundredth.
Average inventory at cost | Average inventory at cost | Cost of goods | Retail sales | Turnover at cost | Turnover at retail |
$19,637 | $38,235 | $56,750.93 | $109,352.10 | ? | ? |
Turnover at cost = 2.86 Turnover at retail = 2.89 | ||
| Turnover at cost = 5.57 Turnover at retail = 1.48 | |
| Turnover at cost = 1.93 Turnover at retail = 1.95 | |
| Turnover at cost = 2.89 Turnover at retail = 2.86 |
2.Find the missing numbers. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent. Cost price $6.36 ; Markup ? ;% Markup on cost ? ; Selling Price $9.48
| Markup: $3.12 % Markup on Cost: 32.9% | |
| Markup: $15.84 % Markup on Cost: 40.2% | |
| Markup: $3.12 % Markup on Cost: 49.1% | |
| Markup: $9.48 % Markup on Cost: 67.1% |
3.Solve for the missing numbers. Markup is based on cost. Round dollar amounts to the nearest cent. 100% C $88.53
17% M $ ? / 117% S $ ?
| 100% C $88.53 17% M $15.05/ 117% S $ 71.53 | |
| 100% C $88.53 17% M $15.05/ 117% S $ 73.48 | |
| 100% C $ 88.53 17% M $15.05/ 117% S $192.11 | |
| 100% C $88.53 17% M $15.05/ 117% S $103.58 |
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