Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 D.Calculating Retail Price and Markdowns A buyer for the retail store wants to know her mark-up on a purchase. She purchased 30 sweaters at
4 D.Calculating Retail Price and Markdowns A buyer for the retail store wants to know her mark-up on a purchase. She purchased 30 sweaters at $9 and will sell them for $25. She also purchased 45 pairs of jeans at $21 and will sell them for $40. What is her total dollar markup in dollar and percent for this purchase? 20 points A buyer realized several sweaters were not selling well. As a result, she marked them down from $$8 to $29. There were 30 sweaters she marked down. What is the total dollar markdown? What is the total dollar markdown in percent? The retail store had sales of $203,562 for the year. Their average stock was $42,640. What was their turnover for the year? The cost of a scarf is $9.25. The buyer plans to make an initial markup up of 5% on the retail price. What should the retail price be? The initial selling price for a blouse is $25. The cost was $12.50. What was the initial markup on retail? A belt was originally priced a $17 and put on sale for $10.98. What was the markdown percentage on retail? The cost a suit is $249. The initial markup on retail is 40%. After offering the suit at the initial selling price (and no sales), the suit was markdown by 20% and it sold at that price? What was the eventual (final) selling price for the suit? What was the maintained markup
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started