please answ 10-14

How does a retailer calculate the various markups? 10. Compute the markup on selling price for an item that retails for $49.95 and costs $31.20. 11. Complete the following: 12. A buyer tells you that she realized a markup of $50 on an interview suit for a college senior. You know that her markup is 25 percent of retail. What did the suit cost her? 13. If the markup on cost is 76 percent, what is the markup on selling price? 14. Which is more important to a retailer-initial or maintained markup? 15. Can an initial markup ever be equal to the maintained markup? Explain. 16. Intimate Apparel wants to produce a 9-percent operating profit this year on sales of $1,200,000. Based on past experiences, the owner made the following estimates: Given these estimates, what average initial markup should be asked for the upcoming year? How does a retailer calculate the various markups? 10. Compute the markup on selling price for an item that retails for $49.95 and costs $31.20. 11. Complete the following: 12. A buyer tells you that she realized a markup of $50 on an interview suit for a college senior. You know that her markup is 25 percent of retail. What did the suit cost her? 13. If the markup on cost is 76 percent, what is the markup on selling price? 14. Which is more important to a retailer-initial or maintained markup? 15. Can an initial markup ever be equal to the maintained markup? Explain. 16. Intimate Apparel wants to produce a 9-percent operating profit this year on sales of $1,200,000. Based on past experiences, the owner made the following estimates: Given these estimates, what average initial markup should be asked for the upcoming year