You work at a clothing store. Determine the selling price of jeans with a target gross margin
Question:
You work at a clothing store. Determine the selling price of jeans with a target gross margin of 40% and tops with a markup percentage of 40%. Assume that the jeans and tops both have a cost of $30.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
The selling price ...View the full answer
Answered By
Sinmon Warui Kamau
After moving up and down looking for a job, a friend introduced me to freelance writing. I started with content writing and later navigated to academic writing. I love writing because apart from making a living out of it, it is also a method of learning and helping others to learn.
5.00+
40+ Reviews
45+ Question Solved
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Question Posted:
Students also viewed these Business questions
-
Leah Wells, a yoga instructor, started a company that sells athletic yoga clothing. You are Leahs marketing manager. Round your answers to two decimal places. a. After assessing the competitors, you...
-
Your parents own a grocery store and you need to determine the selling price of fruit. It costs $0.81/kg for non-organic bananas and $1.21/kg for organic bananas. You decide to sell the non-organic...
-
Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $40. The manager asked Kim to price the running shoes with a 60% target gross...
-
Consider the pistoncylinder assembly containing a pure gas shown below. The initial volume of the gas is 0.05 m3, the initial pressure is 1 bar, and the cross-sectional area of the piston is 0.1 m2....
-
The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2015 are presented below. Additional data: 1. Net income for...
-
Explain why extrapolation may lead to unreliable results.
-
Why is the finite element approach presented in this chapter called the displacement method?
-
Wriston Company has $300,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are as follows: The working capital needed for project B will be...
-
I Scream Ice Cream is considering a project that is expected tocost $98000 today; produce annual cash flows of $12100 forever(with the first CF expected in 1 year); and have an NPV of $3500.What is...
-
A Flexible Savings Account (FSA) plan allows you to put money into an account at the beginning of the calendar year that can be used for medical expenses. This amount is not subject to federal tax....
-
Assume it costs a manufacturer $80 to produce a pair of sunglasses. The manufacturer sells the sun-glasses to a fashion designer for $100. The fashion designer puts its brand name on the sunglasses...
-
On May 11, 2017, Wilson Purchasing purchased $25,000 of merchandise from Hostel Sales; terms 3/10, n/90, FOB Hostel Sales. The cost of the goods to Hostel was $20,000. Wilson paid $1,500 to Express...
-
Ab object at rest is suddenly broken apart into two fragments by an explosion. One fragment acquires twice the kinetic energy of the other. What is the ratio of their masses?
-
The structure shown below carries a DL and LL from a machine found on a mine. (a) What specific loads need to be considered when setting up the load combinations? (b) What load case(s) need to be...
-
Requirement : How to calculate the Theoretical hp of Venturi Meter. Velocity can be calculated as below: By V4=Qt/a4 Run 1 2 3 4 45 5 6 7 8 9 10 Tube No. 1 2 3 4 5 ( 1 8 9 10 11 Qt (m/s) 0.4811312386...
-
One considers a steady flow down a wide plane, which is inclined to the horizontal by an angle of , under the action of gravitational force as shown in Figure 2. The depth of the fluids normal to the...
-
Assume that five independent and identical units of a mining system form a bridge configuration. Calculate the bridge configuration reliability for a 110-h mission and mean time to failure, if the...
-
University Scholarship Fund Endowment Year Cash required (in $1,000s) Price ($1000) Rate Years to Maturity 1 2 3 4 5 6 250 1 1.2 8.00% 3 Annual Savings Multiple 250 250 250 250 250 Bond 2 1.1 3 1.01...
-
Evaluate and simplify the following derivatives. d (312 - 1 dt \ 3t + 1 -3
-
Which of the following gives the range of y = 4 - 2 -x ? (A) (- , ) (B) (- , 4) (C) [- 4, ) (D) (- , 4] (E) All reals
-
On July 1, 2020, Melanie Thornhill began her third month of operating an electronics repair shop called MT Repairs out of her dad?s garage. The following occurred during the third month of...
-
MODERN is a store with trendy and affordable furniture. MODERN has five part-time employees, each of whom earns $210 per day. They are normally paid on Fridays for work completed on Monday through...
-
On August 1, 2020, Mark Diamond began a tour company in the Northwest Territories called Millennium Arctic Tours. The following occurred during the first month of operations: Required 1. Prepare...
-
Based on the information of the company, develop the current status of this and some recommendations based on the following reasons: Liquidity, Solvency, Indebtedness, Productivity, Cost...
-
find total liabilities and stockholders' equity deficit a 10 As Reported Annual Balance Sheet 11 Report Date 12 Currency 13 Audit Status 14 Consolidated 15 Cash & cash equivalents 16 Short-term...
-
An introduction of new ways to help settle children's minds at schools, but most importantly to aid their psychological safety. After Covid-19, the world was impacted in many different ways, children...
Study smarter with the SolutionInn App