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Author Question: The children's buyer needs to average a 51 markup. He needs to purchase 300 dresses that will retail ... (Read 54 times)

KimWrice

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on: Sep 11, 2018
The children's buyer needs to average a 51 markup. He needs to purchase 300 dresses that will retail for 28,200 . He has already placed an order for 148 dresses at 42.00 each (cost) that will retail for 90.00 each. What is the most that he can pay of each of the remaining dresses in order to obtain the 51 markup?
 
  What will be an ideal response?

Question 2

Determine the initial markup percent that will enable the department to achieve a 5.6 profit, using the following figures:
 
  Expenses 38.6
  Markdowns 6.4
  Employee discounts 1.2
  Cash discounts 2.0
  Shortages 1.5


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cswans24

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Reply #1 on: Sep 11, 2018
Answer to Question 1

50.01

Answer to Question 2

47.02


KimWrice

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Reply 2 on: Sep 11, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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