Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What did I do wrong d. Certain merchandise items, like posters, have event dates and event schedules that are specific to a given year. That

What did I do wrong

image text in transcribed d. Certain merchandise items, like posters, have event dates and event schedules that are specific to a given year. That means the posters for this year's festival can only be sold once. The cost to print a poster is $4.00 and BPM plans to order 2,000 posters. i. If the posters are marked up 150% based on cost, how much money would BPM make from selling all the posters? In other words, what is BPM's revenue goal for this product? 4150%=642000=8,000cost62000=12,000revenue12,000revenue8,000cost=$4,000profit ii. If 10% of the posters will go unsold, what should BPM sell each poster for so that they meet their revenue goal? Round your answer to the nearest penny and explain your thinking. First take 2000 posters and times by 90% to get how many posters will sell. Then take the total posters bought(2000) times the cost($4) to get $8000150%=12,000/1800=$6.67 2000 (posters) 90%=1,800 posters will sell 20004=8000150%=12,000 12,000/1800=$6.67 a poster

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dyslexia A Practitioners Handbook

Authors: Gavin Reid

5th Edition

1118980107, 9781118980101

More Books

Students also viewed these Accounting questions

Question

Describe the options and trends in management education

Answered: 1 week ago