All refrigerator cost a company $1,600 to manufacturer. If it sells for $3,456, what is the percent markup based on cost? (Round to the nearest whole percent)
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All refrigerator cost a company $1,600 to manufacturer. If it sells for $3,456, what is the percent markup based on cost? (Round to the nearest whole percent)
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- A dining set costs a company $2,300 to manufacture. If it sells for $5,175, what is the percent markup based on cost?A high-definition TV costs a company $3,100 to manufacture, If it sells for $6,742, what is the percent markup based on costThe 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.
- 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 placesA wholesaler sells a guitar for $1,380.60. What is the percent markup based on cost if the wholesaler paid $780 for the guitar?The following is Cullumber Company’s income statement for the past year. Sales revenue $336,000 Cost of goods sold 134,400 Gross margin 201,600 Operating expenses 145,600 Operating income $56,000 If the company wants to sell a new product that costs $49 wholesale while keeping the same markup structure, what will be the price of the new product? (Use the gross margin percentage and round final answer to 2 decimal places, e.g. 25,124.25.) Price of the new product $enter the price of the new product in dollars rounded to 2 decimal places
- A home costs $148,500 to build and is sold for $168,000. What is the percent markup on selling price to the nearest tenth of a percent?Zonker Inc. purchases 500 units of an item at an invoicecost of $30,000. What is the cost per unit? If the goods areshipped f.o.b. shipping point and the freight bill was$1,500, what is the cost per unit if Zonker Inc. pays thefreight charges? If these items were bought on 2/10, n/30terms and the invoice and the freight bill were paid withinthe 10-day period, what would be the cost per unit?1. Maintained markup is 42 percent, gross sales are 32,000 O.R, and reductions are 5,000 O.R. What is the initial markup as a percentage? Show calculations: 2. Zara retailer buys each SKU of “Winter Jacket” from its supplier for 80 O.R. and sets a markup percentage of 33.33%, calculate the suggested retail price for this SKU? Show calculations:
- An automobile ski rack is sold to stores at a wholesale price of $38. If a store has a $23 markup, what is the retail price of the ski rack? Find the percent of the markup, to the nearest percent.Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of product and pays the supplier within 15 days of shipment. What is the total percentage discount on the sale? Cost of product: $75.00 per case Trade discount: $5.00 per case Quantity discount: 1.5% for each 500 cases Performance allowance: 5% Cash discount: 2/10, net 30If 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?