MK 220: Pricing & Margins #2 A) Deadspin attempts at times a "modern" take on sports. The site is now part of a larger media group that has seen its share of media controversies and the pages are now clickbait and ad linked clogged. The site can be satirical, serious, profane, snarky, troll-like, and at times NSFW all in the same article. Due to past issues, comments are turned-off at the blog. Deadspin in 2013 published a blog: Why The Hell Does Your Drink Cost So Much? The link is below: http://deadspin.com/why-the-hell-does-your-drink-cost-so-much-1454231900 Go through the drinks mentioned creating 6 margin "grids" like demonstrated in the Margin Grid explanation document: NOTE - no wine grid required Beer - Bottle Beer - Draft Beer - Fancy Liquor - Shots Liquor - Mixed /Brand Liquor - Bottom Shelf Make sure name is on the turn-in page. Be careful, the opening graph gives some hints but the discussions by drink tend to go back and forth from a cost perspective to a retail perspective B) Calculate the Average Mark-up: 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 $2.29 with the original selling price to be $8.99 and then a planned series of 4 markdowns from the original selling price. Markdown #1 = 10% Markdown 2 = 33% Markdown 3 = 50% Markdown 4 =75% The Average Mark-up % is