The Urban Turban, a popular accessory store, bought 450 watches at $51 less 7.5%, 4%. The...

 

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The Urban Turban, a popular accessory store, bought 450 watches at $51 less 7.5%, 4%. The markup on the watches was 34% of the selling price. After selling 40% of the shipment, the rest of the watches were marked down to a reduced selling price. When there were only 20 watches left, the Urban Turban marked these down to $12.10. Note: Use the rounded final answer from part (a) for all subsequent calculations. a. What is the cost for each watch? b. What is the total cost (TC)? Round to the nearest cent c. What is the regular selling price for the watches? Round to the nearest cent d. Given an average markup of 26% based on sales, what are the total sales? Round to the nearest cent e. Given the total sales above, what is the reduced price of the watches? Round to the nearest cent The Urban Turban, a popular accessory store, bought 450 watches at $51 less 7.5%, 4%. The markup on the watches was 34% of the selling price. After selling 40% of the shipment, the rest of the watches were marked down to a reduced selling price. When there were only 20 watches left, the Urban Turban marked these down to $12.10. Note: Use the rounded final answer from part (a) for all subsequent calculations. a. What is the cost for each watch? b. What is the total cost (TC)? Round to the nearest cent c. What is the regular selling price for the watches? Round to the nearest cent d. Given an average markup of 26% based on sales, what are the total sales? Round to the nearest cent e. Given the total sales above, what is the reduced price of the watches? Round to the nearest cent