Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 29, 2022

A retail store bought a dress for $54.25. The percent markup on the selling price is 62%. After three months, the dress was marked down

A retail store bought a dress for $54.25. The percent markup on the selling price is 62%. After three months, the dress was marked down by 20%. What is the sale price of the dress after it was marked down?

Step by Step Solution

★★★★★

3.37 Rating (163 Votes )

There are 3 Steps involved in it

Step: 1

Retail Store bought a dress for 5425 Per... blur-text-image

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

Recommended Textbook for

Retailing Management

Authors: Michael Levy, Barton Weitz, Dhruv Grewal

10th edition

1259573087, 978-1259573088

More Books

Students also viewed these Accounting questions

Question

★★★★★

Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...

Answered: 1 week ago

Question

★★★★★

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Answered: 1 week ago

Question

★★★★★

1. Given the soft-goods targets, are these marked correctly? If not, what should the initial retail price be to obtain her 60 percent minimum initial markup percentage? 2. By noon another shipment...

Answered: 1 week ago

Question

★★★★★

If you were in charge of B&D, indicate the possible decisions you might take as regards the four Ps and the points you would want to keep in mind as you go about the task of marketing for...

Answered: 1 week ago

Question

★★★★★

Describe the three basic ways for processing or collecting a check in the United States.

Answered: 1 week ago

Question

★★★★★

Norman Gerrymander has just received a $2 million bequest. How should he invest it? There are four immediate alternatives. a.Investment in one-year U.S. government securities yielding 5 percent. b. A...

Answered: 1 week ago

Question

★★★★★

How might you explain why someone like Price can remember trivial life events from years ago but someone cannot remember to return a library book?

Answered: 1 week ago

Question

★★★★★

On May 10, 2010, the Horan Company purchased equipment for $25,000. The equipment has an estimated service life of five years and zero residual value. Assume that straight-line depreciation is used....

Answered: 1 week ago

Question

★★★★★

Required: ( a ) Determine the net present values ( NPVs ) of the two projects * * * at the companys current cost of capital and identify the project the company should opt for. ( b ) Re - compute * *...

Answered: 1 week ago

Question

★★★★★

1. Compute the net investment required to establish the collection subsidiary. 2. Compute the annual net cash flows over the 10-year life of the project. 3. Compute the net present value of this...

Answered: 1 week ago

Question

★★★★★

Find the area under the standard normal distribution curve between Z = -1.82 and Z = 3.25 use a TI-83 Plus or TI-84 Plus calculator and round the answer at least four decimal places The area between...

Answered: 1 week ago

Question

★★★★★

Search for 5 examples of Cloud-based Hotel PMS and explain its features and benefits.

Answered: 1 week ago

Question

★★★★★

Productivity gains have fueled the expansion of American business over the last 30 years including through several jobless recoveries. A) What are the only two ways to increase productivity?

Answered: 1 week ago

Question

★★★★★

Describe how control charts are drawn and used to determine if a process is out of statistical control. Explain the International Standards for quality documentation. Introduction Developing...

Answered: 1 week ago

Question

★★★★★

Select two or three of their attributes that Elon Muskshould either immolate or avoid in professional life. Define, cite, and apply these traits. Provide examples from your research, cite your...

Answered: 1 week ago

Question

★★★★★

Consider a project in which you are currently involved (or in which you have recently been involved). Describe the two different types of contracts that is available for you to use, and which one...

Answered: 1 week ago

Question

★★★★★

LENZ-SIMON CASTINGS CORPORATION CASE ANALYSIS Cydney Lenz, CFO of Lenz-Simon Corporation (LSC) is considering the purchase of an Aspen automated mold-maker machine to replace six existing...

Answered: 1 week ago

Question

★★★★★

Cornell and Roberts are partners who agree to admit Stanley to their partnership. Cornell has a capital balance of $80,000 and Roberts has a capital balance of $120,000. Cornell and Roberts share net...

Answered: 1 week ago

Question

★★★★★

A retailer plans to open a new store near a university. It will specialize in collegiate merchandise such as apparel, accessories, and school supplies. Consider the pros and cons of each of the...

Answered: 1 week ago

Question

★★★★★

What retailers would be considered intratype competitors for a convenience store chain such as 7-Eleven? What firms would be intertype competitors?

Answered: 1 week ago

Question

★★★★★

Visit a jewelry store in an enclosed mall and one in a neighborhood strip shopping center. List the pros and cons for each location. Which location is the most desirable? Why is this the case?

Answered: 1 week ago

Question

★★★★★

The Weidmann Group Companies, with headquarters in Rapperswil, Switzerland, are worldwide leaders in insulation systems technology for power and distribution transformers. One facet of its expertise...

Answered: 1 week ago

Question

★★★★★

Lanhu Cement Corporation is a leading North American cement producer, with more than 6.5 million metric tons of annual capacity. With headquarters in Nazareth, Pennsylvania, Lanhu operates production...

Answered: 1 week ago

Question

★★★★★

The Lottaburger restaurant chain in central New Mexico is conducting an analysis of its restaurants, which take pride in serving burgers and fries to go faster than the competition. As a part of its...

Answered: 1 week ago

Previous Question Next Question