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Ichabod runs a clothing storein London.He recently purchased1,000 dress shirts that had a manufacturer's list price or $45 per shirt.On each shirt there was a
Ichabod runs a clothing storein London.He recently purchased1,000 dress shirts that had a manufacturer's list price or $45 per shirt.On each shirt there was a trade discount of 10%, 8% and 6% from the manufacturer.Ichabod's store has operating expenses that are 35% of the selling price and the rate of markup is 60% of the selling price.
- What was the cost per shirt to the store?
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