Question: A buyer needs to average a 44% markup. She has purchased 25 flannel robes that cost $18.50 each and 32 fleece robes that cost $24

A buyer needs to average a 44% markup. She has purchased 25 flannel robes that cost $18.50 each and 32 fleece robes that cost $24 each. If she retails the flannel robes for $29 each, what must be the average retail for each fleece robe in order to achieve the planned markup percent?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!