Michaela, a college student, enjoyed this chapter in business mathematics and wanted to see for herself...

 

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Michaela, a college student, enjoyed this chapter in business mathematics and wanted to see for herself how a product moves through the merchandising cycle from a manufacturer to the consumer. During her summer holidays, she decided to study the merchandising cycle at her father's clothing store that was located in Delhi, Ontario. Answer the following questions. Round to two decimal places unless otherwise instructed. While she was at the store, it purchased 1051 dress shirts that were listed for $91 each less trade discounts of 12%, 7%, and 3% from FXFusion in Vancouver. The store's operating expenses are 33% of cost and markup is 71% of cost. The store sold 598 shirts at the regular selling price. During a sale, it offered a markdown of 20% and sold another 266 shirts. It sold another 187 shirts at the break-even price. What is the cost per shirt? Answer must follow format of xx.xx rounded to 2 decimal places. Do not include the $ symbol. Answer: While she was at the store, it purchased 1051 dress shirts that were listed for $91 each less trade discounts of 12%, 7%, and 3% from FXFusion in Vancouver. The store's operating expenses are 33% of cost and markup is 71% of cost. The store sold 598 shirts at the regular selling price. During a sale, it offered a markdown of 20% and sold another 266 shirts. It sold another 187 shirts at the break-even price. What is the total amount of discount received on the purchase of all 1051 shirts from the manufacturer? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units. Answer: Michaela, a college student, enjoyed this chapter in business mathematics and wanted to see for herself how a product moves through the merchandising cycle from a manufacturer to the consumer. During her summer holidays, she decided to study the merchandising cycle at her father's clothing store that was located in Delhi, Ontario. Answer the following questions. Round to two decimal places unless otherwise instructed. While she was at the store, it purchased 1051 dress shirts that were listed for $91 each less trade discounts of 12%, 7%, and 3% from FXFusion in Vancouver. The store's operating expenses are 33% of cost and markup is 71% of cost. The store sold 598 shirts at the regular selling price. During a sale, it offered a markdown of 20% and sold another 266 shirts. It sold another 187 shirts at the break-even price. What is the cost per shirt? Answer must follow format of xx.xx rounded to 2 decimal places. Do not include the $ symbol. Answer: While she was at the store, it purchased 1051 dress shirts that were listed for $91 each less trade discounts of 12%, 7%, and 3% from FXFusion in Vancouver. The store's operating expenses are 33% of cost and markup is 71% of cost. The store sold 598 shirts at the regular selling price. During a sale, it offered a markdown of 20% and sold another 266 shirts. It sold another 187 shirts at the break-even price. What is the total amount of discount received on the purchase of all 1051 shirts from the manufacturer? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units. Answer:

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