This topic contains a solution. Click here to go to the answer

Author Question: This type of markup is the difference between net sales and the gross cost of merchandise sold. It ... (Read 43 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
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
Answer to Question 1

b. Maintained

Answer to Question 2

55.62




geodog55

  • Member
  • Posts: 530
Reply 2 on: Sep 11, 2018
Wow, this really help


daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

For a complete list of videos, visit our video library