Question: Answer the following questions using the information supplied. You can show your work in the spaces provided. (8 points total) Specifics on garment: -Women's cotton

Answer the following questions using the information supplied. You can show your work in the spaces provided. (8 points total) Specifics on garment: -Women's cotton woven shirt from Hong Kong -Fabric required for each shirt: 1.5 yards -Fabric cost: $9.00/y ard -CMT: $2.10 per shirt -Agent's commission: 7% -Freight: $.60 (by sea) -Misc. Charges: $1.00 -Duty Rate: 17.4% 22. What is the first cost of the garment? ( 2 points) 23. What is the total landed cost of the garment? ( 2 points) 24. If this garment were sold through a wholesaler who adds a 60% markup what would the retailers price be? (2 points) 25. If this garment were developed by a private label brand that operates at a 70% markup, what would the retail price to consumers b
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