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At the end of October, a buyer was offered some promotional tops priced at $96/dozen. This offer was contingent upon the buyer purchasing 60 dozen
At the end of October, a buyer was offered some promotional tops priced at $96/dozen. This offer was contingent upon the buyer purchasing 60 dozen pieces. Last season, the vendor supplied comparable tops at $144/dozen which the buyer sold for $25 each. The merchandise is in 3 groups - group A has 30 dozen pieces, group B has 20 dozen pieces and group C has 10 dozen pieces. If this group were to be retailed at the normal markup (last season's markup), what would be the retail price per piece?
29 Problem 1 0 Credits out of a possible At the end of October, a buyer was offered some promotional tops priced at $96/dozen. his offer was contingent upon the buyer purchasing 60 dozen pieces. Last season, the vendor supplied comparable tops at S144/dozen which the buyer sold for $25 each. The merchandise is in 3 groups group A has 30 dozen pieces, group B has 20 dozen pieces and group Chas 10 dozen pieces. If this group were to be retailed at the normal markup (last season's markup), what would be the retail price per piece? 33 Normal Retail/piece Normal Cost piece 35 Normal Markup Spiece 36 Normal Markup ece 37 38 39 New Cost/piece New Retail/piece 40 42 Problem 2 Credits out of a possible Refer to Problem 1. What would be the individual and overall markup achieved if the three groups are retailed as follows: 47 Each items in Group A is $16 48 Each items in Group B is $18 49 Each items in Group C is 50 51 Number Items 53 Price/Item Cost Item Markup $/Item 55 56 Markup %litem Total Retail 57 Total Cost 58 Total markup S 59 60 Overall Retail 61 Overall Markup 63 overall markupStep by Step Solution
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