Dashing&Smashing is a men's clothing retailer. Its best-selling Occasion Suit is purchased from a wholesaler that...

 

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Dashing&Smashing is a men's clothing retailer. Its best-selling Occasion Suit is purchased from a wholesaler that sets its price at a level that yields a 20% margin. The wholesaler buys the suit from a Quebec suit manufacturer whose selling price is $100. Dashing&Smashing sets its prices to achieve a 50% margin. A) What is the retail price of the Occasion Suit? (25 marks) The portion of its total annual fixed costs that Dashing&Smashing allocates to its Occasion Suit product is $50,000. B) If Dashing&Smashing wants to make an annual profit of $10,000 on this product, how many suits must it sell? (15 marks) Dashing&Smashing is a men's clothing retailer. Its best-selling Occasion Suit is purchased from a wholesaler that sets its price at a level that yields a 20% margin. The wholesaler buys the suit from a Quebec suit manufacturer whose selling price is $100. Dashing&Smashing sets its prices to achieve a 50% margin. A) What is the retail price of the Occasion Suit? (25 marks) The portion of its total annual fixed costs that Dashing&Smashing allocates to its Occasion Suit product is $50,000. B) If Dashing&Smashing wants to make an annual profit of $10,000 on this product, how many suits must it sell? (15 marks) Dashing&Smashing is a men's clothing retailer. Its best-selling Occasion Suit is purchased from a wholesaler that sets its price at a level that yields a 20% margin. The wholesaler buys the suit from a Quebec suit manufacturer whose selling price is $100. Dashing&Smashing sets its prices to achieve a 50% margin. A) What is the retail price of the Occasion Suit? (25 marks) The portion of its total annual fixed costs that Dashing&Smashing allocates to its Occasion Suit product is $50,000. B) If Dashing&Smashing wants to make an annual profit of $10,000 on this product, how many suits must it sell? (15 marks) Dashing&Smashing is a men's clothing retailer. Its best-selling Occasion Suit is purchased from a wholesaler that sets its price at a level that yields a 20% margin. The wholesaler buys the suit from a Quebec suit manufacturer whose selling price is $100. Dashing&Smashing sets its prices to achieve a 50% margin. A) What is the retail price of the Occasion Suit? (25 marks) The portion of its total annual fixed costs that Dashing&Smashing allocates to its Occasion Suit product is $50,000. B) If Dashing&Smashing wants to make an annual profit of $10,000 on this product, how many suits must it sell? (15 marks)