1 A watch store owner decided to offer 20% discount for a particular brand of watch that suits at P35 000 00 By doing so, his average sales increased from 5 watches to 12 watches a day If he bought one watch at a price of P22 000.00 from the supplier by how much was his daily profit increased or decreased by offering such discount on the watch?

1 A watch store owner decided to offer 20% discount for a particular brand of watch that suits at P35 000 00 By doing so, his average sales increased from 5 watches to 12 watches a day If he bought one watch at a price of P22 000.00 from the supplier by how much was his daily profit increased or decreased by offering such discount on the watch?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 6P

See similar textbooks

Similar questions

1. A watch store owner decided to offer a 20% discount for a particular brand of watchthat sells at PhP 35 000. By doing so, his average sales increased from 5 watchesto 12 watches a day. If he bought one watch at a price of PhP 22 000 from thesupplier, by how much was the daily profit increased or decreased by offering suchdiscount on the watch?
A watch store owner decide to offer a 20% discount for a particular brand of watch which sells at ₱ 35,000.00. By doing so, his average sales increased from 5 watches to 12 watches a day. If he bought one watch at a price of ₱ 22,000.00 from the supplier, how much is the average daily sales of watch without giving 20% discount?
Solve what is asked and show detailed solutions. 1. A watch store owner dcided to offer 20% discount for a particular brand of watch that sells at P35,000.00. By doing so, his average sales increased from 5 watcher to 12 watches a day. if he bought one watch at a price of P22,000.00 fom the supplier, bw how much was his daily profit increased or decreased by offering such discount on watch?
A watch store owner decided to offer 20% discount for a particular brand of watch that sells at P35,000.00. By doing so, his average sales increased from 5 watches to 12 watches a day. If he bought one watch at a price of P22,000.00 from the supplier, by how much was his daily profit increased or decreased by offering such discount on the watch? Michelle went to Baguio and bought 20 jars of strawberry jam for P3,500.00 with 1 5% discount. When she got back to Manila, she sold 10 of the jars for a total of P1,800.00and the rest as P185.00 each. How much profit did Michelle again?
3.- The Company Surteco sells 10.000 units of their wrapped moluldings for 1.5€/unit, per year. They are offering 3/10, n30, and the discount is taken by 40% of the customers. What is the total value of the Accounts receivable? In order to gain market share against Lamidecor, their competitor, they are thinking about offering 4/5,n45. What is now the new value for accounts receivable if the % of discount taken is still 40%?
The Widget Co. currently sells 800 widgets per week for a price of $7.00 each. Their market research indicates that for each $0.50 increase in price they will sell 25 fewer widgets per week. What price should they charge to maximize sales income?
1. A trading firm traded their brand-new computers with a margin of 65% based on their cost. One computer is tagged at P75, 950. What is the percent margin based on cost? 2. An invoice dated June 27 for P20, 850 carried a cash discount of 5/30. If this invoice is paid on July 25, how much should be the payment?
5. Profit obtained by selling a flash drive at Php 320 is equal to 7/5th of the profit obtained by selling the same flash drive at Php 300. What is the cost price of the watch?
Assume that RR purchases $200,000 (net of discounts) of materials on terms of 1/10, net 30, butthat it can get away with paying on the 40th dayif it chooses not to take discounts. How much freetrade credit can the company get from its equipment supplier, how much costly trade credit can itget, and what is the nominal annual interest rateof the costly credit? Should RR take discounts?
The shops sell 13 racing bikes per week at a retail price of $657.53. Recently, you put the bikes on sale at $574.92. At the sale price, 17 bikes were sold during the one-week sale.What was your markdown percent on the bikes?What is the percent increase in number of bikes sold during the sale?How much more revenue would be earned in six months by permanently selling the bikes at the lower price rather than having a one-week sale each month? (6 sale weeks in 26 weeks)
How many units of Ball Pen should be sold next month to break even? How many units of Sign Pen should be sold to earn a profit of P300,000.00? How many units of Ph Sign Pen should be sold to earn a profit of P150,000 net of 35% tax?
1. Banner House Inc. gives all its sales people a base salary of $39,000 per annum and a commission of 8% on all banners that they sell over $5,000. Calculate Courtney's salary last month if she sold $11,000 worth of banners. 2. Patrick, a sales representative at a jewelry store, receives a 2.00% commission for the first $10,000 in sales she makes, 4.00% for the next $30,000, and 6.00% thereafter. If she was paid $2,500.00 in commissions last month, calculate the amount of sales she made. 3. Jesse works for a clothing boutique store as a salesperson. She receives a monthly base salary of $900 and earns a commission on sales over $20,000. If she earned $8,000 last month and she made $110,000 in sales, calculate her commission rate.