HAVING DIFFICULTY UNDERSTANDING THE CONCEPT

A special order was placed in the bridal department. The dress that was ordered cost $2,096.89 and will retail for $5,699.00. What was the markup percent? Select one: a. 36.79% b. 71.78% C. 63.21% d. 45.33% Which of the following is NOT a way that retailers add value to merchandise received from a manufacturer or wholesaler that benefits customers? Select one: a. Providing customer services b. Breaking bulk c. Marking up assortments d. Holding Inventory Merchandise on an invoice dated October 28 has a total list price of $1,876.86 with trade discounts of 25% and 5% and transportation costs of $680. Terms are 3/10, FOB Factory. If the bill is paid before the discount date, how much should be remitted? Select one: a. $1,297.14 b. $2,017.26 c. $1,977.14 d. $1,876.86 The menswear buyer bought 120 cargo pants that cost $89.00 each. If the department has a 53.15% markup, what will be the retail price of each cargo pant? Select one: a. $167.45 b. $225.78 c. $47.30 d. $189.97