Question 1 of 2 Mary, a Conestoga college graduate from business fundamental program, joined as a...

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Question 1 of 2 Mary, a Conestoga college graduate from business fundamental program, joined as a Store Coordinator at Echo Sports Equipment (ESE) store, located in Kitchener. While studying, she enjoyed the Merchandising chapter of Business Mathematics, where she learned how goods move through the merchandising cycle from a manufacturer to a consumer. As a store coordinator, it purchased 1,300 ski helmets that were listed for $75 each, less 10%, 5%, and 4% from a manufacturer in Montreal. The store's operating expenses were 20% on the regular selling price and rate of markup was 70% on selling price. The store sold 600 helmets at the regular selling price. During a sale, it offered a markdown of 30% and sold another 350. It sold another 300 helmets at the break- even price and the remaining at cost. a. What was the cost per helmet to the store? Round to the nearest cent b. What was the net amount of discount received on the purchase of the helmets from the manufacturer? Round to the nearest cent c. What was the equivalent discount rate that represents the three trade discount rates? % d. What was the regular selling price per helmet at which 600 helmets were sold? Round to the nearest cent e. What was the sale price per helmet at which 350 helmets were sold? Round to the nearest cent f. What was the break-even price per helmet at which 300 helmets were sold? Round to the nearest cent g. What was the rate of markdown from the regular selling price that would price the helmet to sell at break-even? % Round to two decimal places h. What was the rate of markdown from the regular selling price that would price the helmet to sell at cost? % Round to two decimal places i. What was the total profit or loss from the sale of the 1,300 helmets? Round to the nearest cent. Express loss as a negative value. Question 1 of 2 Mary, a Conestoga college graduate from business fundamental program, joined as a Store Coordinator at Echo Sports Equipment (ESE) store, located in Kitchener. While studying, she enjoyed the Merchandising chapter of Business Mathematics, where she learned how goods move through the merchandising cycle from a manufacturer to a consumer. As a store coordinator, it purchased 1,300 ski helmets that were listed for $75 each, less 10%, 5%, and 4% from a manufacturer in Montreal. The store's operating expenses were 20% on the regular selling price and rate of markup was 70% on selling price. The store sold 600 helmets at the regular selling price. During a sale, it offered a markdown of 30% and sold another 350. It sold another 300 helmets at the break- even price and the remaining at cost. a. What was the cost per helmet to the store? Round to the nearest cent b. What was the net amount of discount received on the purchase of the helmets from the manufacturer? Round to the nearest cent c. What was the equivalent discount rate that represents the three trade discount rates? % d. What was the regular selling price per helmet at which 600 helmets were sold? Round to the nearest cent e. What was the sale price per helmet at which 350 helmets were sold? Round to the nearest cent f. What was the break-even price per helmet at which 300 helmets were sold? Round to the nearest cent g. What was the rate of markdown from the regular selling price that would price the helmet to sell at break-even? % Round to two decimal places h. What was the rate of markdown from the regular selling price that would price the helmet to sell at cost? % Round to two decimal places i. What was the total profit or loss from the sale of the 1,300 helmets? Round to the nearest cent. Express loss as a negative value.

Answer rating: 100% (QA)

To calculate the cost per helmet to the store we need to consider the various discounts and expenses involved in the purchase and sale of the helmets ... View the full answer