A buyer places an order for the following items. The merchandise cost is list price less a trade discount of 30% and 15%. Calculate the cost to be paid for the entire purchase order. units list Item purchas ed cost sweaters $35.00 skirts $25.00 jackets 36 $75.00 72 48 An invoice for men's wallets is dated February 7 with terms of 8/10, net 30. The total billed cost of the merchandise is $12,000.00 How much should be paid if the invoice is paid on February 14? A buyer for scarves orders merchandise with terms of 6/10, net 30. The total billed cost of the merchandise is $8,000.00 The invoice arrives dated January 5 with FOB store. There are freight charges of $300.00. How much should be paid if the invoice is paid on January 20? Define markup and how it is calculated: A buyer is presented with a dress that costs $120.00. If the buyer must achieve a 60% markup on the dress, what should be the retail price? Determine the markup % on the following order: Quantity Item necklaces unit cost $75.00 $50.00 $25.00 unit retail $175.00 $115.00 $55.00 bracelets rings A buyer needs to buy a group of sweaters for a special sale event. She buys 150 sweaters at a cost of $40.00 each, 185 sweaters at a cost of $35.00 each and 140 sweaters at a cost of $50.00 each. If she retails all the sweaters at the sale price of $90.00, what is the markup achieved for the sweaters? units cost retail A buyer purchases the following ties. A markup of 60% must be achieved on this purchase. What should be the retail price for each tie if they are all to be sold at the same price? unit cost item striped ties paisley ties dot ties quantity 200 100 75 $50.00 $55.00 $45.00 Define Initial Markup: The owner of a dress boutique wants to buy dresses with a retail value of $25,000.00 She has already purchased 60 dresses at a cost of $67.50 each that will retail for $150.00 each. What markup % must she obtain on the remaining dresses to achieve a 58% markup for total purchase? Total Purchase Balance Retail Cost Markup % For the Fall Fashion Event, a buyer wants to buy 500 parkas to retail for $350.00 each. She has already placed an order for 200 parkas at a cost of $150.00 each. What is the most she can pay for the remaining parkas if she wants to average a 55% markup on the total purchase? Total Purchase Balance Retail Cost Markup % A buyer needs to average a 60% markup. She has already purchased 75 solid skirts that cost $60.00 each and 125 skirts that cost $80.00 each. If she plans to retail the solid skirts for $140.00 each, What must be the retail price for each of the printed skirts to achieve the planned markup of 60%? total solid print Retail Cost Markup % Define Cumulative Markup: Determine the initial markup % that should be planned based on the following information: net sales $45,000.00 markdowns profit $4,500.00 alterations costs expenses $17,000.00 cash discounts shortages $900.00 employee discounts $1,300.00 $12,000.00 $500.00 $2,500.00 On January 1, the contemporary sportswear department had an opening inventory of $225,000.00 at retail with a 55% markup. During the month of January merchandise costing $65,000.00 with a 60% markup was received in the department. What was the cumulative markup % for this department for the month of January? opening Total Inventory purchases Merch. Handled Retail Cost Markup % Explain the difference between Gross Margin and Maintained Markup: What initial markup % should be planned for a department given the following information? net sales $250,000.00 markdowns profit 8% alterations costs expenses 35% cash discounts shortages $6,000.00 employee discounts $3,000.00 $40,000.00 $5,000.00 $6,000.00 A buyer is in Paris for the Designer Ready-to-Wear Collections. She plans to spend $275,000.00 at retail during her trip. At her first appointment, she makes a purchase of $63,000.00 at cost with a markup of 55%. What markup % must she obtain for her remaining purchases to achieve her markup goal of 58%? Total Purchase Retail Balance Cost Markup % 19 Calculate the maintained markup % given the following information: net sales $125,000.00 list cost of $50,000.00 merch. cash discount $5,000.00 alterations costs $3,000.00 Calculate the gross margin % given the same information
