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

Author Question: Determine the initial markup percent for a sporting goods store that has the following planned ... (Read 98 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Sep 11, 2018
Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period:
  Net sales 425,000
  Profit 4.1
  Expenses 0.0
  Employee discounts  4,000
  Cash discounts  7,000
  Alteration costs 3.5
  Shortages  3,825
  Markdowns 6.4
 
  a. 40.83
  b. 44.45
  c. 50.83
  d. 40.28

Question 2

What is the main goal of a company as it establishes the price of its goods, whether domestically or for foreign markets?
 
  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

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Sep 11, 2018
Answer to Question 1

a. 40.83

Answer to Question 2

Maximization of profits in pricing its goods.


HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Sep 11, 2018
Both answers were spot on, thank you once again


ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Sep 11, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Worldly Goods Worldly Goods
Percent of Mothers in the Workforce by Age of Children and Marital Status Percent of Mothers in the Workforce by Age of Children and Marital Status
How to use the discriminant to determine the number of roots for any quadratic equation How to use the discriminant to determine the number of roots for any quadratic equation
Percent of oxygen in the atmosphere versus altitude. Percent of oxygen in the atmosphere versus altitude.
A sled having a certain initial speed on a horizontal surface comes to rest after traveling 10 ... A sled having a certain initial speed on a horizontal surface comes to rest after traveling 10 ...
Twenty percent of the automobiles inspected at a state inspection station required repairs to ... Twenty percent of the automobiles inspected at a state inspection station required repairs to ...
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library