A retail outlet purchased 230 digital cameras at a list price of $93 less 9%, and 2%. The markup on selling price percentage on the digital cameras was 48%. After selling 60% of the shipment, the rest of the digital cameras were marked down to a reduced selling price. When there were only 8 digital cameras left, the outlet marked these down to $50. Assume the outlet will sell the remaining digital cameras at this price. The outlet hopes to maintain an average markup on selling price percentage of 31%.

For full marks, your answer(s) should be rounded to the nearest cent. Please include a dollar sign with your answer. Format is $999,999.99

a) What is the total cost? Hint: The per unit cost doesn’t equal the total cost.

b) What is the regular selling price?

c) What are the total sales?

d) What must have been the sale price of the microwave ovens?

e) What is your group number?