Question
The appliance buyer is planning a special buy promotion on ranges. To sell ranges at one price point, the buyer has purchased the following ranges:
The appliance buyer is planning a special buy promotion on ranges. To sell ranges at one price point, the buyer has purchased the following ranges:
Item | Unit | Unit Cost |
Samsung 30 in. 5.8 cu ft. Slide-In gas range with self-Cleaning and Fan Convection Oven in Stainless Steel, Item #: 0001 | 11,000 | $415.00 |
GE 5.3 cu. ft. Electric Range with Self-Cleaning Oven in Stainless Steel, Item #: 0002 | 22,000 | $439.00 |
Whirlpool 6.3 cu. Ft. Gas Range with Under-Oven Broiler in Stainless Steel, Item #: 0003 | 15,000 | $405.00 |
LG 30 in. 5.8 cu ft. Slide-In gas range with self-Cleaning and Fan Convection Oven in Stainless Steel, Item #: 0004 | 11,000 | $435.00 |
KitchenAid 30 in. 5.3 cu ft. Slide-In gas range with self-Cleaning and Fan Convection Oven in Stainless Steel, Item #: 0005 | 11,000 | $430.00 |
The markup goal for the promotion is 57.0%. What is the retail price that the buyer can sell the ranges for (6 points)?
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