Taylor has a souvenir shop and is working on setting a price for a particular fast...
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Taylor has a souvenir shop and is working on setting a price for a particular fast selling T- shirts. She purchases the shirts for her store from a wholesaler for RM60 less 15% and 5%. Expenses are on average 25% of the regular selling price and net profit is 20% of the regular selling price. She has the shirt marked for sale at with a discount (markdown) of 10%. (a) What is the sale price? (b) What is the total cost? (c) What is the profit, if any? Taylor has a souvenir shop and is working on setting a price for a particular fast selling T- shirts. She purchases the shirts for her store from a wholesaler for RM60 less 15% and 5%. Expenses are on average 25% of the regular selling price and net profit is 20% of the regular selling price. She has the shirt marked for sale at with a discount (markdown) of 10%. (a) What is the sale price? (b) What is the total cost? (c) What is the profit, if any?
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SOLUTION To calculate the sale price total cost and profit we need to follow the given information a... View the full answer
Related Book For
Introduction To Materials Management
ISBN: 978-9386873248
8th edition
Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen
Posted Date:
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