A Soccer Ball is marked up $16, which is 45 percent of the cost. (ii) Find the selling price.
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Question 4
A Soccer Ball is marked up $16, which is 45 percent of the cost.
(ii) Find the selling price.
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Solved in 2 steps
- 5. If the markup on a washing machine is 53% based on selling price, what is the corresponding percent markup based on cost? 6. A vacuum cleaner sells at $202.91. If the percent markup based on cost is 48%, how much is the cost of the vacuum cleaner? Round off answer to the nearest dollar.QUESTION 1 Daffodils Florist bought 50 tulips at RM8 each and 20 lilies at RM12 each. The owner wanted a net profit of 18% based on cost and operating expenses of 10% based on the cost. a) Find the selling price for each tulip and lily. b) Find the gross profit for all flowers. c) Find the breakeven price for a tulip. d) Find the maximum percentage of markdown that can be offered without incurring any loss for tulips.nkt.3 A company sells Yoohoo for $6 a can with unit sales of 10,000. If cost of goods is $40,000, what is total sales?
- Page 2.1 The NUBD Co. sells Product A for P60 each. Variable costs are P36 per unit. Fixed costs are P375,000. a. How much sales in units must be reached to realize a Net income of P102,000 before income taxes. b. How much sales in units must be reached to realize a Net income of P97,500 after income taxes. Tax rate is 35% c. How much sales in pesos must be reached to realize a Net income of 15% of sales. Ignore income taxes.16.The selling price for a new Superbike brand bicycle is $345. If a 50% markup based on selling price was used, what was the cost to the retailer? The solution for the above problem is $172.50. True or FalseQuestion 2 Style photo sells only one product. The statement of comprehensive income for 2021 is provided below: Sales 60,000 Less variable expenses -30,000 Contribution margini 30,000 Less fixed expenses -22,500 Net income 7,500 Required: Calculate with workings: a. The contribution margin ratio in percentage. b. Three breakeven point in total sales ringgits.
- chapter 5 9. A menswear buyer needs 84 shirts to retail at $18 each and 52 pairs of slacks to retail at $35 each. He needs to average a 47.50% markup. If he pays $9.50 for each shirt, how much can he pay for each pair of slacks in order to achieve his planned markup percent? Present your answer with a dollar-sign, comma separator, and rounded to the penny (i.e. $1,250.88).Question 2 Style photo sells only one product. The statement of comprehensive income for 2021 is provided below: Sales 60,000 Less variable expenses -30,000 Contribution margin 30,000 Less fixed expenses -22,500 Net income 7,500 Required: Calculate with workings: The contribution margin ratio in percentage. Three breakeven point in total sales ringgits. The sales in RM if the company wants to achieve RM40,000 in net income.Question 3.2 Using information from the attached picture: Calculate the selling price per unit that will realize an operating profit of R720000. The number of units that must be sold in order to earn an operating profit of R720000, if the selling price increases by 10% and fixed costs increase by R87000.
- N3 nit Sales Price: $100 Unit Buying Price: $ 34 Unit Sales Premium: $ 6 Annual Rent Cost: $150.000 Annual Salaries: $350.000 Annual Advertisement Cost: $100.000 Calculate the break-even point activity and break-even point sales in dollars2a. Using goals seek in excel, determine the total number of units Jimmy needs to sell in March in order to meet his targeted operating income for the quarter. Round your answer up to the nearest unit. 2b. if the company increases the price per unit by one dollar for March only, what is the minimum number of units that Jim needs to sell in order to meet his targeted operating income for the quarter? Round your answer up to the nearest unit. 2c. Assume that Jim met his target net operating income of $11,800 and will now receive a $1180 bonus. Jim plans to use his bonus as a down payment on a car that cost $22,600.. Using the PMT function, determine the monthly payment for his new car loan. Round your answer to two decimal places. 2d. Jim decides to wait to buy his new car until he has a larger down payment. He wants to determine what his monthly payment would be if he earned a full year of quarterly bonuses. Assuming Jim received the same quarterly bonuses for all 4/4 during the year…Question 5 Micol & Co. Ltd sells a single product, baby hamper, with a selling price of $150 and variable costs per baby hamper of $100. The company’s monthly fixed expenses are $200,000. Required: a) What is the company’s break-even point in units? b) What is the company’s margin of safety in dollars, assume sales is expected to be $800,000? c) How many baby hampers will Micol & Co. Ltd need to sell (in sales dollars) in order to realize a target profit of $500,000? d) Construct a contribution margin income statement for the first month (in July) that reflects $2,400,000 in sales revenue for Micol & Co. Ltd. e) Provide two suggestions to Micol & Co. Ltd on how it can increase profit in subsequent months? SHOW YOUR WORKING