3. A belt was originally priced at $17 and put on sale for $12. What was...

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3. A belt was originally priced at $17 and put on sale for $12. What was the markdown percentage on retail? 4. The cost of a bicycle is $200. The initial markup on retail is 40 percent. After offering the bicycle at the initial selling price, the bicycle was marked down by 20 percent and sold at that price. a. What was the eventual selling price for the bicycle? b. What was the maintained markup? 5. A woman's dress suit was originally priced at $250. The first markdown was 20 percent on retail; the second markdown was an additional 30 percent. What is the selling price of the suit after the second markdown? 6. A buyer for men's ties wants to have a maintained markup of 40 percent. The buyer forecasts that the reduction as a percentage of sales will be 13 percent. a. What should the initial markup be? b. In the above example, if the cost of the ties is $12, what would be the initial selling price? 7. A buyer orders 500 cotton sweaters at a cost of $20 per sweater. a. What is the cost for all of the sweaters when they are sold? b. If the buyer wants to have a maintained markup of 50 percent, what total sales dollars muct be generated by the sale of all 500 sweaters? c. The buyer sets the sweaters' initial selling price at $45. Two hundred sweaters are sold at that price. How many sales dollars were generated by the sales of the initial 200 sweaters? d. How many sales dollars must be generated by the remaining 300 sweaters to achieve a maintained markup of 50 percent? e. Sales of the sweaters are slowing so the buyer is going to mark them down. At what price does he need to sell each of the remaining 300 sweaters to realize 50 percent maintained markup? f. How much of a markdown on retail can the buyer take to realize a 50 percent maintained markup on the sales of all 500 sweaters? 8. A retailer is considering the development of a collection of private-label men's ties. The ties, which will retail for $65 each, will incur an expense to the retailer that includes $15,000 in fixed cost and $19.50 per tie in variable costs. What is the retailer's break-even point expressed in both units and dollars? 3. A belt was originally priced at $17 and put on sale for $12. What was the markdown percentage on retail? 4. The cost of a bicycle is $200. The initial markup on retail is 40 percent. After offering the bicycle at the initial selling price, the bicycle was marked down by 20 percent and sold at that price. a. What was the eventual selling price for the bicycle? b. What was the maintained markup? 5. A woman's dress suit was originally priced at $250. The first markdown was 20 percent on retail; the second markdown was an additional 30 percent. What is the selling price of the suit after the second markdown? 6. A buyer for men's ties wants to have a maintained markup of 40 percent. The buyer forecasts that the reduction as a percentage of sales will be 13 percent. a. What should the initial markup be? b. In the above example, if the cost of the ties is $12, what would be the initial selling price? 7. A buyer orders 500 cotton sweaters at a cost of $20 per sweater. a. What is the cost for all of the sweaters when they are sold? b. If the buyer wants to have a maintained markup of 50 percent, what total sales dollars muct be generated by the sale of all 500 sweaters? c. The buyer sets the sweaters' initial selling price at $45. Two hundred sweaters are sold at that price. How many sales dollars were generated by the sales of the initial 200 sweaters? d. How many sales dollars must be generated by the remaining 300 sweaters to achieve a maintained markup of 50 percent? e. Sales of the sweaters are slowing so the buyer is going to mark them down. At what price does he need to sell each of the remaining 300 sweaters to realize 50 percent maintained markup? f. How much of a markdown on retail can the buyer take to realize a 50 percent maintained markup on the sales of all 500 sweaters? 8. A retailer is considering the development of a collection of private-label men's ties. The ties, which will retail for $65 each, will incur an expense to the retailer that includes $15,000 in fixed cost and $19.50 per tie in variable costs. What is the retailer's break-even point expressed in both units and dollars?

Answer rating: 100% (QA)

1 The markdown percentage on retail is 2941 To calculate this subtract the sale price 12 from the original price 17 and divide by the original price Markdown Percentage on Retail 17 12 17 02941 2941 2 ... View the full answer