Question: hello, could you do and explain till question 5 1. Dresses sold at $75 each. The cost of each dress was $50. What was the
1. Dresses sold at $75 each. The cost of each dress was $50. What was the gross margin in both dollars and percentage? 2. What would be the selling price of an item if the cost was $12 and the gross margin desired is 12% ? 3. A dress was listed for $120 and sold at $96, what was the discount percentage given? 4. What is the selling price if the cost is 70% and the gross margin is $25 ? 5. A stationary retailer buys note pads at $15 per dozen and sells them at $2 each. What is the gross margin? 6. If the cost is $75 and the gross margin is 30%, what is the mark up on cost percentage? 7. A sales representative offers you a product at a cost of $50 and tells you that the markup that is suggested is 30%. Your boss has given you directives to maintain a 30% gross margin. Given this information, do you accept the sales representative's offer? 8. Shoes have a markup of 40% and cost $120, what is the gross margin in both dollars and percentage? 9. An article has a cost of $60 and a gross margin of 20%. If we sold 12,000 units how much would the total sales value be for this product? 10. A shoe retailer has sold for $360,000 representing 7000 pairs of shoes in the month of March. If the gross margin is equal to 30%, what is the average cost per pair of shoes
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