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 watches to 12 watches a day. If he bought one watch at a price of PhP 22 000 from the supplier, by how much was the daily profit increased or decreased by offering such discount on the watch?
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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 watches
to 12 watches a day. If he bought one watch at a price of PhP 22 000 from the
supplier, by how much was the daily profit increased or decreased by offering such
discount on the watch?
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- 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?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?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?
- 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?Nile.com, the online bookseller, wants to increase its total revenue. One strategy is to offer a 10% discount on every book it sells. Nile.com knows that its customers can be divided into two distinct groups according to their likely responses to the discount. The accompanying table shows how the two groups respond to the discount. Group A Group B (sales per week) (sales per week) Volume of sales before the 10% discount 1.55 million 1.50 million Volume of sales after the 10% discount 1.65 million 1.70 million Explain how the discount will affect total revenue from each group.a. Assume that the cost of goods sold is 60% and that the monthly discount rate is 1%. Looking at the values in the exhibit above, you note that the average monthly revenue for a subscribed customer rises as the company sends more emails. In addition, the average monthly revenue for an unsubscribed customer also rises as the company sends more emails. What could explain both of these patterns? b. Calculate the 6-month LTV for each of the four tested email frequencies. Please show the spreadsheet with your calculations and be clear about any assumptions you are making. c. Based on this test, how many emails-per-week should the company be sending to its customers? This email frequency should apply to all customers; the company doesn't want to implement a different email frequency for different kinds of people
- Charlotte sells widgets which cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying cost are 15% of inventory costs, and Charlotte incurs a cost of $25 each time an order is placed. Suppose her supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many widgets should Charlotte order each time an order is placed to minimize costs? I have submitted this question twice and both times was answered with how many orders of 1250 will satisfy the demand of 10,000 widgets. I need to know how to figure out HOW MANY WIDGETS PER ORDER to minimize costs.Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay 29.95 for each 3 Pack and sell them for 59.95. What is hyour Cost of Goods Sold Perrcentage for htis item? Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. Your 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 profit margin percentage?shoe store marks up the price of its shoes at 140% over cost. A pair of shoes goes on sale for 20% off and then on the clearance rack for an additional 25% off. A customer walks in with a 10% off coupon good on all clearance items and buys the shoes. Express thestore's profits on these shoes as a percentage of the original cos
- Martz Inc. has a customer loyalty program that rewards a customer with 1 customer loyalty point for every $10 of purchases. Each point is redeemable for a $3 discount on any future purchases. On July 2, 2020, customers purchase products for $300,000 (with a cost of $171,000) and earn 30,000 points redeemable for future purchases. Martz expects 25,000 points to be redeemed. Martz estimates a standalone selling price of $2.50 per point (or $75,000 total) on the basis of the likelihood of redemption. The points provide a material right to customers that they would not receive without entering into a contract. As a result, Martz concludes that the points are a separate performance obligation. Instructions a. Determine the transaction price for the product and the customer loyalty points. b. Prepare the journal entries to record the sale of the product and related points on July 2, 2020. c. At the end of the first reporting period (July 31, 2020), 10,000 loyalty points are…A home gods retailer offers a sales incentive program where customers receive credit towards future purchases based on the dollar amount of their purchases today. For every $10 spent, a customer receives a $1 credit to use in the next 30 days. Based upon historical trends, the firm estimates that 35% of the credits will be redeemed. Assume the credit associated with the sales incentive program is a separate performance obligation. If during the month the company sold $40,000 of product with a cost of $22,000, what is amount of revenue allocated to product sales? Round to the nearest dollar. $29,630 $36,364 $38,647 $40,000 None of the above1. The buyer plans to purchase $25,000 (retail) worth of children's coats for a back-to-school sale. He has already purchased 180 coats that cost $45 each and will retail for $80 each. What markup percent must be obtained on the balance of coats in order to average a 44.5% markup? 2. During July, a buyer plans to buy gowns with a retail value of $10,000. She has purchased 150 gowns at $15 each that will retail for $35.00. What markup should she obtain on the remaining gowns in order to achieve a 47.5% markup goal? Present your answer rounded to two decimal places, with a percent sign (i.e. 42.35%). 3. 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). 4. A buyer plans to…