Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An sound bar costs a retailer ( $ 1,100 ) less 26. The retailer's overhead expenses are 25 of the cost and its profit is
An sound bar costs a retailer \\( \\$ 1,100 \\) less \26. The retailer's overhead expenses are \25 of the cost and its profit is \45 of the cost. During a sale, the sound bar is marked down \40. Round your answers to two decimal places if needed. a) What is the cost of purchasing each sound bar? \\[ \\mathrm{C}=\\Phi \\] b) What was the regular selling price? \\[ S=\\$ \\] c) What was the amount of markdown? \\[ M D=\\$ \\] d) What was the sale price? \\[ S_{\\text {Sale }}= \\] e) What was the profit or loss at the sale price? \\[ P_{\\text {Sale }}=\\$ \\] Breakeven Loss Profit Formula Sheet CH6 Discounts NOTATION \\( L= \\) List price \\( d= \\) Trade discount rate \\( N= \\) Net price \\( d_{e}= \\) Single equivalent trade discount rate \\( A= \\) Amount of Trade Discount, Amount of Markdown FORMULAS \\[ \\begin{array}{l} A=d \\times L \\\\ N=L-A \\\\ N=L(1-d) \\\\ N=L\\left(1-d_{1}\ ight)\\left(1-d_{2}\ ight)\\left(I-d_{3}\ ight) \\ldots\\left(I-d_{n}\ ight) \\\\ d_{e}=1-\\left[\\left(I-d_{l}\ ight)\\left(1-d_{2}\ ight)\\left(1-d_{3}\ ight) \\ldots\\left(I-d_{n}\ ight)\ ight] \\end{array} \\] Markup NOTATION \\[ \\begin{array}{l} C=\\text { Cost } \\\\ M=\\text { Amount of Markup } \\\\ S=\\text { Selling price } \\end{array} \\] \\( P= \\) Profit \\( E= \\) Expenses, Overhead FORMULAS \\[ \\begin{array}{l} S=C+M \\\\ M=E+P \\\\ S=C+E+P \\end{array} \\] Rate of Markup on Cost \\( =\\frac{M}{C} \\times 100 \\). Markdown NOTATION \\( S_{\\text {red }}= \\) Reduced Selling Price \\( M D= \\) Amount of Markdown FORMULAS \\[ \\begin{array}{l} S_{\\text {red }}=S-M D \\\\ M D=S-S_{\\text {red }} \\end{array} \\] Rate of Markdown \=fracMStimes100 FORMULAS UNIT 5 \\[ \\begin{array}{l} P F T=N I \\\\ P F T=T R-T C=S P \\times X-F C-V C \\times X \\\\ T R=S P \\times X \\\\ T C=V C \\times X+F C \\\\ C M(\\text { per unit })=S P-V C \\\\ P F T=C M(X)-F C \\\\ B E P(\\text { in units })=\\frac{F C}{C M(\\text { per unit })} \\\\ C R=\\frac{C M}{S P} \\\\ B E P(\\text { in } \\$)=\\frac{F C}{C R} \\\\ B E P(\\%)=\\frac{B E(\\text { units })}{\\text { capacity }} \\end{array} \\]
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