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 88 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
Thanks for the timely response, appreciate it

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
Many children learn not to express prejudice overtly but may feel it implicitly. Many children learn not to express prejudice overtly but may feel it implicitly.
Average Surface Air Pressure – July Average Surface Air Pressure – July
Children and adolescents define themselves as they get older Children and adolescents define themselves as they get older
Children who witnessed violence in their homes Children who witnessed violence in their homes
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library