Markup-Markdowns

3. Answer the following questions on Integrated Problems. (Value 15: 3 marks each) a) Bart's Bird Supplies purchased sets of cages for $186.00 less 9%, 14%. Expenses are 17% of the regular selling price and the required profit is 55% of the regular selling price. During the Christmas season, the unsold sets were advertised at a discount of 25%. What operating profit or loss was realized on the sets sold during the Christmas season? Page 7 of 12 b) Aqua Aquarium Supplies purchased sets of aquariums for $389.65 less 10%, 12%. Expenses are 21% of the regular selling price and the required profit is 42% of the regular selling price. During the Christmas season, the unsold sets were advertised at a discount of 40%. What operating profit or loss was realized on the sets sold during the Christmas season?' c) Fred's Furniture bought coffee tables for $329.00 less 23%, 10%, 5.5%. The store's overhead expenses come out to be 30% of regular selling price and the target profit is 55% of regular selling price. i. What is the maximum rate of markdown that the store can offer to break even? ii. What is the realized rate of markup based on cost if the items are sold at the break-even price? Page 9 of 12 d) SportCheckMark purchased hockey skates for $225.00 less 12% and 7%. Expenses are 22% of the cost and the required profit is 45% of the cost. At the end of the winter season, the unsold skates were advertised at a discount of 50%. What operating profit or loss was realized on the sets sold at the end of the season? 3. Answer the following questions on Integrated Problems. (Value 15: 3 marks each) a) Bart's Bird Supplies purchased sets of cages for $186.00 less 9%, 14%. Expenses are 17% of the regular selling price and the required profit is 55% of the regular selling price. During the Christmas season, the unsold sets were advertised at a discount of 25%. What operating profit or loss was realized on the sets sold during the Christmas season? Page 7 of 12 b) Aqua Aquarium Supplies purchased sets of aquariums for $389.65 less 10%, 12%. Expenses are 21% of the regular selling price and the required profit is 42% of the regular selling price. During the Christmas season, the unsold sets were advertised at a discount of 40%. What operating profit or loss was realized on the sets sold during the Christmas season?' c) Fred's Furniture bought coffee tables for $329.00 less 23%, 10%, 5.5%. The store's overhead expenses come out to be 30% of regular selling price and the target profit is 55% of regular selling price. i. What is the maximum rate of markdown that the store can offer to break even? ii. What is the realized rate of markup based on cost if the items are sold at the break-even price? Page 9 of 12 d) SportCheckMark purchased hockey skates for $225.00 less 12% and 7%. Expenses are 22% of the cost and the required profit is 45% of the cost. At the end of the winter season, the unsold skates were advertised at a discount of 50%. What operating profit or loss was realized on the sets sold at the end of the season