when putting the answer please put the number of the question you answering before ex (4a and then the amswer and then 4b and then the answer
il chatr 2:52 PM 65% Performance Task.pdf Case Study - Problem Solving (Trade Discounts, Cash Discounts, Markups and Markdowns) Marks-8% Performance Task 1 (4 Marks) Study the following case and answer the questions based on the information provided. Show your work Discount Electronics buys stereos for $830 get two discount, festive discount of 37.5% and another discount of 12.5% if they buy at least 100 stereos with the conditions on 1 Nov 2016 2 1560 with end of the month dating (E. O. MJ. They plan to pay invoice after the festive season in the first week of January 2017. They estimated that expenses are 20% of cost and the required profit is 15% of the regular selling price. All merchandise is marked with a price so that the store can advertise a discount of 30% while still maintaining its regular markup. During the annual clearance sale, the new regular selling price of unsold items is marked down Sok. Questions (1) What is the cost per stereos (ignoring taxes) for Discount Electronies? (2) What is the selling price required to cover cost, overhead, and desired profits? What is the marked selling price? (3) of Discount electronics had terms 2/15/30 and had paid the invoice within 15 days. How much more discount from the regular sales price can Discount Electronics offer to if they cover overhead and maintain its originally intended profit? (4) What operating profit or loss does the store make on items sold during the sale? (a) in dollars? (b) as a percent of MSRP? Jul chatr. 65% 2:52 PM PerformanceTask.pdf 2 of 4 Performance Task 1 (4 Marks) Study the following case and answer the questions based on the information provided. Show your work. Edward's Electronics is a small electronics store selling a variety of electronics equipment. It has a small but progressive camera department. Since Edward's does not sell very many cameras during the year, it only has a small number in stock. Edward's has just ordered six of the new digital cameras from Nikon. Edward's owner has been told that the cost of each camera will be 5170, with terms 2/15, 11/30. The manufacturer's suggested retail price (MSRP) of each camera is $400. Edward's owner calculates that the overhead s 15% of the MSRP and that the desired profit is 18% of the MSRP Sears has a large camera shop in its store in the mall in the same town. It has ordered 70 of the same cameras from Nikon. Sears has been offered both a cash discount and a quantity discount off the list price of $170. The cash discount is 3/20, 1/45, while the quantity discount is 3.5%. Sears estimates its overhead is 25% of the MSRP and it would like to make a profit of 35% of the MSRP. Questions 1. What is the cost per camera lignoring taxes) for Edward's Electronics and for Sears? 2. For each store, what is the minimum selling price required to cover cost, overhead, and desired protits? (round to nearest dollar) 3.1 Edward's and Sears sell the camera at the MSRP, how much extra profit will each store make (a) in dollars? (b) as a percent of MSRP? 4. What rate of a markdown from MSRP Can Edward's offer to cover its overhead and make its originally intended profit
