Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hey, Can you please help me with answers of 2b, 2c and 2 d Thankyou LIJI DILAR VE PART COMPREN (iii) What would be the

image text in transcribed

Hey, Can you please help me with answers of 2b, 2c and 2 d

Thankyou

LIJI DILAR VE PART COMPREN (iii) What would be the maximum percent discount that could be offered in a sale flyer that would still allow SportZ to break-even? so If the packages of tape were ordered with the special promotional discount, a 25% off" sale was offered, and the store sold 950 packages of tape, how much profit or loss would SportZ outlet store make? 2. CHAPTER 6 - QUESTIONS SportZ Ltd. has offered a series of discounts to their retail outlets. The basic whole- sale discount is 30% off the suggested retail price. If the retailer purchases more than $5000 from SportZ, a further 20% discount is applied. As an introductory offer on the new mask, if two masks are ordered, a further 5% discount is given for the total order. Lethbridge Sports has placed an order for $9800, at the suggested retail price. How much will Lethbridge Sports have to pay for the order? b. SportZ has received an invoice from one of its suppliers, dated April 2, for $30 120. terms 2/10. All or part of the amount owing will be paid on April 10. (1) How much would have to be paid to fully pay the invoice? (ii) How much would have to be paid to reduce the debt by $20 000? c. A specific type of leather is needed to make gloves for a hockey player. The leather for each glove costs $12.00. To cut and style the leather, expenses of 45% of cost are incurred. The company targets a profit of 60% of cost. (1) What is the targeted selling price for the leather glove? (ii) What is the resulting markup based on cost? (iii) If the profit was reduced to 50% of cost, how much would be the sale price? d. At their outlet store, SportZ has a supply of soccer balls. To make room for other equipment, the balls are being marked down to sell quickly. The retail price is $22.99, and the store has advertised a sale of 30% off. (1) What is the sale price for the balls? (i) Due to a special promotion given to a school nearby, an additional $5.00 dis- count is given for each ball purchased. What is the resulting markdown rate

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

CISA Certified Information Systems Auditor Study Guide

Authors: David L. Cannon, Timothy S. Bergmann, Brady Pamplin

1st Edition

0782144381, 978-0782144383

More Books

Students also viewed these Accounting questions

Question

ot Suppose that 3x + 2y = t and x = tcos 0. Find and at y at

Answered: 1 week ago