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

Author Question: This type of markup is the difference between net sales and the gross cost of merchandise sold. It ... (Read 34 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
on: Sep 11, 2018
This type of markup is the difference between net sales and the gross cost of merchandise sold. It is expressed as a percent of net sales and does not reflect deductions for cash discounts and workroom costs. It represents the actual markup achieved for a selling period.
 
  a. Initial
  b. Maintained
  c. Cumulative
  d. Individual

Question 2

The owner of Dee Dee's Sport Shop plans to purchase approximately 10,800 (retail) worth of sweaters. She will operate with a 54 markup. Her first purchase is for 5 dozen sweaters costing 18.00 each that she plans to retail for 34.00 each. What markup percent must be obtained on the balance of sweaters in order to average a 54 markup?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cegalasso

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Sep 11, 2018
Answer to Question 1

b. Maintained

Answer to Question 2

55.62


geodog55

  • Member
  • Posts: 530
Reply 2 on: Sep 11, 2018
Excellent

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Basal cell carcinoma, a frequent type of skin cancer that rarely metastasizes. Basal cell carcinoma, a frequent type of skin cancer that rarely metastasizes.
Comparison of Type 1 and Type 2 Diabetes Mellitus Comparison of Type 1 and Type 2 Diabetes Mellitus
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Action of a type I topoisomerase Action of a type I topoisomerase
Comparison of A-type Climates Comparison of A-type Climates
Chloroplast segregation determined by mating type in Chlamydomonas Chloroplast segregation determined by mating type in Chlamydomonas
Video: Steps of glucose catabolism

For a complete list of videos, visit our video library