MK 220: Pricing Chapter > Avg Margin #1 Name(s): Sec: May team with a classmate; make sure BOTH names are on sheet! SHOW the Grid! 1 ) Retailer X buys a product at $1.75 per unit and plans to sell the item for $3.29 per unit. Calculate the Margin on an(A) COST Basis or (B) RETAIL basis 2) Retailer Y buys a product for $.99 per unit and pans at selling at $2.99 per unit Calculate the Margin on an (A) COST Basis or (B) RETAIL basis 3) Calculate the Average Mark-up (Note: use a RETAIL basis for this calculation). A buyer was projecting a new line of shirts for a retail outlet. Each outlet would get 5 of the shirts, with the following schedule planned: The cost per unit is $1.99 with the original selling price to be $8.99 and then a planned series of 4 markdowns from the original selling price (5 grids- original then the 4 markdowns; use back of page as needed) Markdown #1 = 10% Markdown 2 = 25% Markdown 3 = 50% Markdown 4 = 75% The Average Margin % is