This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The children's buyer needs to average a 51 markup. He needs to purchase 300 dresses that will retail ... (Read 67 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cswans24

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Sep 11, 2018
Answer to Question 1

50.01

Answer to Question 2

47.02


KimWrice

  • Member
  • Posts: 579
Reply 2 on: Sep 11, 2018
Great answer, keep it coming :)

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Concept of Health by Children Concept of Health by Children
Children Understanding Death Children Understanding Death
Average Chemical Composition of the Geosphere Crust Average Chemical Composition of the Geosphere Crust
Fetal Alcohol Syndrome Children born with fetal alcohol syndrome often have facial abnormalities Fetal Alcohol Syndrome Children born with fetal alcohol syndrome often have facial abnormalities
Poor single parents and their children Poor single parents and their children
Gender and Play in Children (2 of 2) Gender and Play in Children (2 of 2)
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library