8-19.Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of each gown? Round to the nearest cent. 8-20.Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him L280 to make. He knows he wants 85% markup on cost. What price should Brian May ask for the guitar? 8-21.You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 40% markup on cost and know most people will not pay more than $20 for it, what is the most you can pay for the pitcher? Round to the nearest cent.

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Answered: Bari Jay, a gown manufacturer, received…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 6MC: Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling...

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8-19.	Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of each gown? Round to the nearest cent.


8-20.	Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him L280 to make. He knows he wants 85% markup on cost. What price should Brian May ask for the guitar?


8-21.	You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 40% markup on cost and know most people will not pay more than $20 for it, what is the most you can pay for the pitcher? Round to the nearest cent.

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