A home theater system is on sale for $777. If the list price is $925, find the percent of markdown. Select one: O a. 12% O b. 16% O c. 20% O d. 18%
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- A purchaser paid $287.70 for a TV that cost the seller $210. If the seller's markup was 37% of the $210 cost, then what would be the percent markup based on the selling price? (Round your answer to the nearest tenth of a percent.)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?A wholesaler sells a guitar for $1,396.20. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? %
- A manufacturer sells his final product for R 100 plus VAT @ 15 % to a Wholesaler. The Wholesaler sells the product at a mark-up of 50 % above cost to the manufacturer. If the retailer s mark up on cost is 25 %, the final consumer will pay ----------- (Including VAT).A. R 215.63B. R 187.50C. R243.68D. R171.00An entity includes one coupon in each box of laundry soap it sells. A towel is offered as premium to customers who send in 10 coupons and a remittance of P10. Distribution cost of premium is P5. Experience indicates that only 30% of the coupons will be redeemed.2021Boxes of soap sold - 2,000,000.00Number of towels purchased at P50 each - 50,000Coupons redeemed - 400,0002022Boxes of soap sold - 2,500,000.00Number of towels purchased at P50 each - 80,000Coupons redeemed - 700,000What is the amount of Premium Expense for 2021?What is the premium expense for 2022?What is the premium liability on December 31, 2022?A t-shirt originally sold for RM15 and was marked down to sell for RM8. Find the markdown and rate of markdown rounded to the nearest tenth of a percent.
- The retailer price of a refrigiretor is £807. If the manufacturer gains 11%, the wholesale dealer gains 10% and the retailer gains 6%, what is the cost of the product? Round your answer to the nearest penny.The wholesale cost of a Digital Sound system is $1,650. The original markup was 63% based on selling price. Find the final sale price after the following series of price changes: a markup of 12%, a markup of 45%, and a markdown of 30%. (Round each intermediate selling price to the nearest cent.) $3,057.43 $3,571.14 $4,994.60 $5,069.52A towel is offered as a premium to customers who send in 10box tops of facial soap returned and a remittance of ₱25. Distribution cost is ₱10 per towel. The entityestimated that only 60% of the box tops reaching the market will be redeemed. The entity provided thefollowing information: 2020 2021Facial soap sales, ₱50 per unit ₱ 2,500,000 ₱ 2,875,000Towel purchases, ₱90 per unit ₱ 337,500 ₱ 360,000Number of box tops returned 22,500 38,550Requirements:4. Compute for the premiums (as an asset) amount for the year ended:A. December 31, 2020B. December 31, 2021
- 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…Buyer A bought 20 pcs of product Z from Seller B with the following information: Selling price, P1,500 each. With terms 20,10,5/15/ n/30. Transport cost is P10 per unit. If the payment is made on the 20th day.1. how much will Buyer A pay the seller when the term is FOB Destination Prepaid?2. how much will Buyer A pay the seller when the term is FOB Shipping Point Prepaid?3. how much will Buyer A pay the seller when the term is FOB Destination Collect?Equate Inc. sells products with a cost of $25,000 during the year to customer for $55,000. It is Equate’s policy to accept returns up to 60 days after the date of purchase. Equate estimates that there is a 60% probability that returns will be 3% of sales and a 40% probability that returns will be 2.5% of sales. What is the transaction price under a) expected value method b) most likely amount method? Choices: A: $53,460 B: $53,350 A: $53,350 B: $53,460 A: $53,460 B: $54,450 A: $54,450 B: $53,460 A: $53,350 B: $53,350