Author Question: The men's buyer at A & R Department store made a special purchase on slacks. The one time only ... (Read 74 times)

meagbuch · **on:** Sep 11, 2018

The men's buyer at A & R Department store made a special purchase on slacks. The one time only cost was 18.00 per pair. The buyer purchased 2400 pairs of the slacks. Since the slacks were comparable to those already on the sales floor, the buyer decided to retail the pants at the same price of 48 . What was the mark-up percent on the special purchase?

a. 62.5 c. 62.7
b. 62.4 d. 62.0

Question 2

The decision to become an independent designer or work for a company is a choice made by fashion designers. This decision is an example of:

a. Specialization c. The reality principle
b. Spillover effect d. Opportunity cost