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5. 10/1 Points DETAILS PREVIOUS ANSWERS BRECMCS 3.1.020 MY NOTE Acarpet store sels desioner rattal for $950 a 50% markup based on costi del, what is the contin of the dougner ! n Show My Work 0.-/1 Points DETAILS BRECMOC9 8. 1.025. MY NOTES to demand specially wore a common markup strategy is to do the cost often to what the selling the state non asystening the mark and is wide met, fashion accessories, and the categories of merchande The forth that of markups that the story his page in action they come to watatu widths to atten You are the buyer who demost of the Romande na umally keystone you more on certom shoes and the amunt of you en mergin so that your prices when the woment w you welcoking for a betegether wirts for $340, what the new you can per for the best? www.tradeon, you find to handle that you with a wood. The vendor offer you a counts of woodencount you to in the Band because after the trade descontent of each and (0) Challenge The vendor this you that the foodcounts, 25% and 20%, al fine, but the What is the mounded to a whole percent rankind to bastane the mohup? 5. (0/1 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 8.1.020. MY NOTES A carpet store sells designer rugs at retail for $850.98. If a 50% markup based on cost is added, what is the cost (in $) of the designer rugs? $ 425.49 Show My Work (Optionat 6. [-/1 Points) DETAILS BRECMBC9 8.1.025. MY NOTES In department and specialty store retailing, a common markup strategy is to double the cost of an item to arrive at the selling price. This strategy is known as keystoning the markup and is widely used in apparel, cosmetics, fashion accessories, shoes, and other categories of merchandise. The reasoning for the high amount of markup is that these stores have particularly high operating expenses. In addition, they have a continuing need to update fixtures and remodel stores to attract customers. You are the buyer in the women's shoe department of the Roma Grande Department Store. You normally keystone your markups on certain shoes and handbags. This amount of markup allows you enough gross margin so that you can lower prices when "sales" occur and still have a profitable department. (a) If you are looking for a line of handbags that will retail for $140, what is the most you can pay for the bags (in $)? $ (b) At a women's wear trade show, you find a line of handbags that you like with a suggested retail price of $110. The vendor has offered you trade discounts of 25/20/9. Will this series of trade discounts allow you to keystone the handbags? , because after the trade discounts the cost of each handbag is $ (c) (Challenge) The vendor tells you that the first two discounts, 25% and 20%, are fixed, but the 9% is negotiable. What is the minimum trade discount (as a %), rounded to a whole percent, that you should request in order to keystone the markup? Show My Work (Optional)