Question: You sell 14 units @ $14.99 that yield a markup of 54%, 20 units @ $16.99 that yield a markup of 45% and 10

You sell 14 units @ $14.99 that yield a markup of 54%,

You sell 14 units @ $14.99 that yield a markup of 54%, 20 units @ $16.99 that yield a markup of 45% and 10 units @ $20.50 that yield a markup of 65%. What is your average mark up %? All prices are per unit.

Step by Step Solution

★★★★★

3.50 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Lets start by calculating the markup and selling price for each set of units For the 14 units sold a... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Sketch the molecular orbital energy level diagram for IF and deduce its ground-state electron configuration. Is IF likely to have a shorter bond length than IF or IF + ?

A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Table E12-12 presents statistics for the National Hockey League teams from the 20082009 season (The Sports Network). Fit a multiple linear regression model that relates wins to the variables GF...

If you sell 10,000 units for $3 each, the cost of manufacturing is $.75 per unit, marketing expenses are $12,000, and sales commission is $.35 per unit, what is the unit contribution?

1.A firm has sales for the year of RM92,000, costs of RM46,000 and an annual depreciation of RM40,000. If the tax rate of 26 percent, calculate the operating cash flow for the year. 2.Mamamia Berhad...

Question 1 (1 point) Which of the following statements describes Black Fly's process costing system? Question 1 options: Direct materials and direct labour are traced to each specific order. The...

ABC Limited produces an item that is used in the manufacture of one of its products. The costs associated with the production of 12,000 units of this item are as follows: Direct materials $86,000...

scott corporation Question Completion Status: QUESTION 14 11 points Scott Corporation produces a part that is used in the production of one of its products. The per-unit costs associated with the...

The Can-Do Co. is analyzing a proposed project. The company expects to sell 12,000 units, give or take 4 percent. The expected variable cost per unit is $7 and the expected fixed cost is $36,000. The...

Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing financial difficulty for some time. The company's contribution format income...

7.32. An asteroid is at a distance of 2 106 km from Earth and is moving with a speed of 10 km/s. With- out gravitational pull, the asteroid would miss Earth by a perpendicular distance of 25,000 km...

2. As seen in the figure. Block A is pulled 50-N force. The static friction coefficient between block A and B is 0,5 and kinetic friction coefficient is 0,3. Similarly, the static friction...

What is a debenture? Multiple choice question. a secured bond a secured common stock an unsecured bond an unsecured common stock

A steady flow of 0.3 kg/s of 60% carbon dioxide and 40%water by mass at 1200 K, 200 kPa is used in a heat exchanger where 300 kW is extracted from the flow. Find the flow exit temperature and the...

Media Marketing of Atlanta, Georgia, offers a three-day accommodation coupon for a Hilton Head resort in South Carolina at a promotion price of C$316. If the exchange rate is C$1.18 per U.S. dollar,...

Create a minimum-cost spanning tree that would serve as the least expensive way to create a computer network among the five largest cities in your state. Assume that the cost per mile is the same...

A solution was prepared from 10.0 mL of 0.100 M cacodylic acid and 10.0 mL of 0.080 0 M NaOH. To this mixture was added 1.00 mL of 1.27 10 26 M morphine. Calling morphine B, calculate the fraction...

Consider the experiment in Example 3-1. Suppose that the largest observation on tensile strength is incorrectly recorded as 50. What effect does this have on the usual analysis of variance? What...

A particle moves along an s-axis. Use the given information to find the position function of the particle. a) v(t)=1+ sint ; s(0)=-3 b) a(t)=1^2-3t +1; v(0)=0; s(0)=0

Perilou Goddard (2003) designed a Writing in Psychology course to help college students learn important skills needed for the preparation of formal psychological research reports. Students were...

Calculate a standardized effect size, Cohens d, for the data given in Exercise 3. Interpret this effect size using Cohens guidelines which are provided in your textbook. Data from exercise 3...

Each of the following studies requires a t test for one or more population means. Specify whether the appropriate t test is for one sample, two independent samples, or two related samples, and in the...

Given the following regression output, Answer the following questions: a. Write the regression equation. b. If x1 is 4 and x2 is 11, what is the expected or predicted value of the dependent variable?...

A real estate developer wishes to study the relationship between the size of home a client will purchase (in square feet) and other variables. Possible independent variables include the family...

Consider the ANOVA table that follows. a. Determine the standard error of estimate. About 95% of the residuals will be between what two values? b. Determine the coefficient of multiple determination....