Question: Based on the table data given below - Calculate total sales, total cost, total dollar margin, unit margin for both apparel varieties individually and at

  1. Based on the table data given below - Calculate total sales, total cost, total dollar margin, unit margin for both apparel varieties individually and at a cumulative level, margin % for both varieties individually and at a cumulative level.

Standard Variety

Deluxe Variety

Total

Sales in yards

20

2

22

Selling Price per yard

$ 24

$ 64

Cost per yard

$ 18

$ 32

b. Complete the columns of Mark-up % and Margin % based on the data provided

Case

Price

Cost

Margin %

Mark-up %

Case 1

$ 10

$ 9.00

Case 2

$ 10

$ 7.50

Case 3

$ 10

$ 6.67

Case 4

$ 10

$ 5.00

Case 5

$ 10

$ 4.00

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 Finance Questions!