1.If the jewelry buyer looking to price line her bangles wanted to change the pricing structure below, what would the new prices be if she chose 4 price points? Keep the ending consistent at .95 cents.

1.What is the floor price_________

What is the ceiling price? ________

1.What key element does that buyer need to take into account on the above bangles besides the prices and IMU%?

2.Short answer (complete sentence): What are two good reasons for a retailer to group items together in price lining?

HOMEWORK #6 Price Lining PROBLEMS Answer the following 5 problems 1' questions. Each problem is worth 2 points 1. The costume jewelry buyer has bought 8 different styles of gemstone stud earrings. Each one has a different cost, but she thinks that she should group the styles together in a price lining method. Calculate the IMU %, and the retail for the earrings by style if she groups the earrings into these three price points. Keep all in 99 cent endings 2. What is the floor price What is the ceiling price? 3. If the jewelry buyer looking to price line her bangles wanted to change the pricing structure below, what would the new prices be if she chose 4 price points? Keep the ending consistent at .95 cents. _-MEM sold bangles s 2.55 s 5.55 1aoo _ Silver bangles s 2.45 s 1.55 -_ c2 bangles s 5.15 s 5.55 245a _ m 4-. What key element does that buyer need to take into account on the above bangles besides the prices and IMU%? 5. Short answer [complete sentence]: What are two good reasons for a retailer to group items together in price lining