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- Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest dollar when necessary. A local dealer sells baseballs for $250.00 each. If this is a 60% markup on cost, find the equivalent markup percent on the selling price.A. 62.5%B. 37.5%C. 61.9%D. 38.2%Harold, the owner of Sweet Tunes Music, purchased acoustic guitars for $90 each and has marked them up by 19.00% of the cost. The overhead expenses were 9.00% of the cost. a. What is the regular selling price of each guitar? Round to the nearest cent b. What is the profit made on each guitar sold? Round to the nearest cent c. If he decides to offer a markdown of 6.00%, what would be the reduced selling price? Round to the nearest cent d. What profit or loss he would make on the sale of each guitar?A distributor sells water cooling units for $860 each. The operating profit is 25% on cost and markup is 60% on cost. a. Calculate the cost per cooling unit. Round to the nearest cent b. Calculate the rate of markdown offered during a sale if it made a profit of $51.40 per machine. % Round to two decimal places c. What should be the rate of markdown offered to sell the machines at the cost price? % Round to two decimal places
- If a home goods retailer pays $32.50 for the vacuum cleaner shown here, answer the following questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) An advertisement has a picture of a vacuum cleaner. From top to bottom, the text of the ad is as follows. 12 amp Powervac Plus $89.99 Microfiltration On-board tools 1 year Product Replacement Policy, $7.99 (a) What is the percent markup based on selling price? % (b) If the retailer pays $1.70 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? % (c) If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup dollars," the gross margin, were made by offering the policy? $ (d) As a housewares buyer for the retailer, what is your opinion of such insurance policies, considering their effect on the "profit picture" of…7. for the following please figure out the percentage or money amount: a.The percent markup on a tricycle is known to be 22% based on selling price. If the seller paid $23.50 for one, then what would be the corresponding percent markup based on the cost? (Round to the nearest tenth percent.) 28.2% 32.0% 51.7% 71.8% b.A jet ski that previously sold for $5,399.99 has been reduced to $3,401.99. What is the markdown percent? (Round your answer to one decimal place.) % c. At a red-tag sale, all items with red tags have been marked down by 49%. What should be the sale price of a DVD player having a red tag, if the presale price was $232.95? $114.15 $118.80 $183.95 $208.45 d.A dress is currently on sale for $52.49. If the markdown percent is 22%, what was the original price to the nearest cent? $64.04 $67.29 $68.38 $75.59integrity inc. sells computor training packages to its business customers at a price of $91 the cost of production (in present value term) is $87, integrity sells its packages om term of net 30 and estimated that about 8% of all orders will be uncollectible an oder in for 25 units the interest rate is 0.6% per month given the above information Present value of revenue is? The expected profit from a sale is? If this is a one time Order and the sale will be made unless credit is expected the firm (should not) extend credit the break even probability of collection is ?% No suppose that if a customer pays the months bill it will place an identical order in each month indefinitely and can be safely assume to pose no risk of default in this case since the present value of the perpetuity of profit is? And the present value of sale is ? The credit should be extended the break even point probability of collection in the repeat- sales is
- If a home goods retailer pays $36.50 for the vacuum cleaner a 12 amp Powervac Plus$89.99 MicrofiltrationOn-board tools1 year Product Replacement Policy, $7.99If the retailer pays $1.30 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination?If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup dollars," the gross margin, were made by offering the policy?As a housewares buyer for the retailer, what is your opinion of such insurance policies, considering their effect on the "profit picture" of the department? How can you sell more policies?suppose you sell 8,000 of the 3 pack lenses described in question 3 above in one year. You cost on each 3 pack is $29.95 and you sell them for $59.95. if your operating expenses for the year total $144.080, what are your Net Income and Net profif margin percentage?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 demand for your handmade skateboards, in weekly sales, is q=-2p+494 if the selling price is $p. You are prepared to supply q=4p+224 skateboards per week at the price $p. What is the equilibrium price? (Round to the nearest cent which is two decimal places. Do not include units or symbols.)KMW Incorporated sells finance textbooks for $166 each. The variable cost per book is $46 and the fixed cost per year is $31, 600. The process of creating a textbook costs $166,000 and the average book has a life span of three years. What is the economic or NPV break-even number of books that must be sold each year given a discount rate of 12 percent? Multiple Choice 260 225 839 304A firm can lease a truck for 4 years at a cost of $30,000 annually. It can instead buy a truck at a cost of $80,000, with annual maintenance expenses of $10,000. The truck will be sold at the end of 4 years for $20,000. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 10%? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.