Jessica's store purchased 951 dress shirts that were listed for $78 each less trade discounts of 11%, 7%, and 4% from JK warehouse in Toronto. Her store's operating expenses are 29% of cost and markup is 72% of cost. The store sold 518 shirts at the regular selling price. During a sale, it offered a markdown of 22% and sold another 247 shirts. It sold another 186 shirts at the break-even price. a) What is the cost per shirt? Answer must follow format of xx.xx rounded to 2 decimal places. Do not include the $ symbol. b) What is the total amount of discount received on the purchase of all 951 shirts from the manufacturer? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units. c) What is the single equivalent rate of discount for the three discounts on the cost only? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units.
Jessica's store purchased 951 dress shirts that were listed for $78 each less trade discounts of 11%, 7%, and 4% from JK warehouse in Toronto. Her store's operating expenses are 29% of cost and markup is 72% of cost.
The store sold 518 shirts at the regular selling price. During a sale, it offered a markdown of 22% and sold another 247 shirts. It sold another 186 shirts at the break-even price.
a) What is the cost per shirt? Answer must follow format of xx.xx rounded to 2 decimal places. Do not include the $ symbol.
b) What is the total amount of discount received on the purchase of all 951 shirts from the manufacturer? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units.
c) What is the single equivalent rate of discount for the three discounts on the cost only? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units.
d) What is the regular selling price per shirt? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units.
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