Kim is a furniture retailer. She can buy a dining table for a list price of $1,600 with a 25% trade discount. What is Kim’s net price?
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Kim is a furniture retailer. She can buy a dining table for a list price of $1,600 with a 25% trade discount. What is Kim’s net price?
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- Janicka is an appliance retailer. She can buy a freezer from a wholesaler for a list price of $750. If Janicka receives a series discount of 30/20/5, what is her net price?Shima is a carpet retailer. She can buy carpet from a wholesaler for a list price of OMR 22 per yard. If Shima receives a series discount of 20/10, what is her net price?A consumer purchases a flat iron to straighten her hair for $150 from a salon at which she gets her hair cut. If the salon’s markup is 40 percent and the wholesaler’s markup is 15 percent, both based on their selling prices, for what price does the manufacturer sell the product to the wholesaler?
- All Lacoste items are on sale at 15% discount. If a dress costs P7500 with a delivery fee of P150, how much will the customer pay for the dress if she wants it to be delivered?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.Ivy purchases phones for $260.50 each and is selling them for $330.00 each. a. What is the rate of markup on cost? % Round to two decimal places b. What is the rate of markup on selling price?
- Marina has a small store. Last month, she purchased merchandise costing ₱75, 000 for which she gained 10% of the cost price. She also paid ₱2,000 for interest onmoney she borrowed for her store. a. How much was her cost of sales? b. How much profit did she make?You are creating a business from home and your neighbor is willing to sell to you a brand-new BBQ Grill for $150. You want to sell it in Amazon, who charges a $5.00 insertion fee and a comission of 3.0% based on the selling price. Your delivery expenses amounted to $25. 1. What is your minimum list price for the BBQ Grill to ensure that you at least cover your expenses?Gerry runs a clothing store in London. He recently purchased 1200 dress shirts that had manufacturer's list price of %55 per shirt. On each shirt there was a trade discount of 20% 10% and 5% from the manufacturer. Gerry's store has operating expenses that are 20% of the selling price and rate of markup is 50% on selling price. a. What was the cost per shirt to the store? b. What was the total amount of discount received on the purchase of the 1200 shirts from the manufacturer? c. What was the equivalent discount rate of the 20% 10% and 5% trade discounts? d. He sold 400 shirts at the regular selling price e. What was the total revenue from the 400 shirts sold?
- Jocelyn has an internet business selling paint sets. After an initial website fee each week, she makes profit of $0.75 on each set she sells. If she sells 8 sets and she makes $2.25; what's the equation representing her weekly possible earnings?Wanda wants to open a health-food store. Her monthly expenses are rent $3,500, utilities of $1,000, insurance of $500, and payroll of $4,250. She estimates that her cost of goods is approximately 65 percent of sales. Wanda would like to make $4,000 a month for herself. What is Wanda’s contribution margin? How much does she need in monthly sales to break even? How much does she need in monthly sales to make a profit of $4,000? Construct a break-even chart for Wanda’s health-food store.Sadie May has decided to start a business where she will sell a single line of high heel shoes. Sadie will sell each pair of heels for $60 and will purchase the shoes from a supplier for $30 per pair. The supplier has offered Sadie two shipping options: either (1) Sadie can pay $5 per pair of heels ordered or (2) Sadie can pay a flat shipping cost of $500 per month regardless of the number of pairs ordered. All of Sadie’s sales will be made online. The cost to maintain and manage her website will be $750 per month. In addition, Sadie will rent a small space to store inventory for $250 per month. Sadie does not expect any additional costs in her operations as long as she does not sell more than 150 pairs of heels per month. Which of the following statements is incorrect? A. Shipping option 2 is a riskier cost structure for Sadie. B. At a monthly sales volume of 100 pairs of shoes, Sadie will be indifferent between the two shipping options. C. If…