Deng's Pro Shop purchased sets of golf clubs for $419.00 less 38%, 16&2/3% Expenses are 26%...
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Deng's Pro Shop purchased sets of golf clubs for $419.00 less 38%, 16&2/3% Expenses are 26% of the regular selling price and the required profit is 21.5% of the regular selling price. The store decided to change the regular selling price so that it could offer a 42% discount without affecting its margin. At the end of the season, the unsold sets were advertised at a discount of 53% of the new regular selling price. (Do not include the $ sign in your answers.) (a) What is the cost? (b) What is the regular selling price? (c) What is the new regular selling price? (d) What is the sale price? (e) What operating profit or loss cost was realized on the sets sold at the end of the season? Deng's Pro Shop purchased sets of golf clubs for $419.00 less 38%, 16&2/3% Expenses are 26% of the regular selling price and the required profit is 21.5% of the regular selling price. The store decided to change the regular selling price so that it could offer a 42% discount without affecting its margin. At the end of the season, the unsold sets were advertised at a discount of 53% of the new regular selling price. (Do not include the $ sign in your answers.) (a) What is the cost? (b) What is the regular selling price? (c) What is the new regular selling price? (d) What is the sale price? (e) What operating profit or loss cost was realized on the sets sold at the end of the season?
Expert Answer:
Answer rating: 100% (QA)
Cost 419 416 X 38 419 416 X 38 X 1667 21647 a Expenses 2600 Profit 2150 ... View the full answer
Related Book For
John E Freunds Mathematical Statistics with Applications
ISBN: 978-0134995373
8th edition
Authors: Irwin Miller, Marylees Miller
Posted Date:
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