Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $130 The manager asked Kim to price the running shoes with a 60% target gross margin Kim has priced the running shoes with a 60% markup percentage Required: 1 What selling price does the manager want? Selling price 2. What selling price has Kim calculated? Selling price
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- Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $50. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim has priced the running shoes with a 60% markup percentage. Required: 1. What selling price does the manager want? Selling price 4 2. What selling price has Kim calculated? Selling price 3. If there are 49 running shoes, how much will the store lose in sales if the price is not corrected? Loss in salesKim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $140. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim has priced the running shoes with a 60% markup percentage. Required: 1. What selling price does the manager want? Selling price $ 250 2. What selling price has Kim calculated? Selling price $ 224 3. If there are 40 running shoes, how much will the store lose in sales if the price is not corrected?Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $170. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim has priced the running shoes with a 60% markup percentage. Required: 1 What selling price does the manager want? 2. What selling price has Kim calculated? Selling price 4 3. If there are 37 running shoes, how much will the store lose in sales if the price is not corrected? Loss in sales
- Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $120. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim has priced the running shoes with a 60% markup percentage.Required:1. What selling price does the manager want? 2. What selling price has Kim calculated? 3. If there are 42 running shoes, how much will the store lose in sales if the price is not corrected?Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $110. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim hes priced the running shoes with a 60% markup percentage Required: 1. What selling price does the manager want? 2. Whet selling price has Kim calculated? 3. If there are 43 running shoes, how much will the store lose in sales if the price is not corected?José Ruiz starts a company that makes handcrafted birdhouses. Competitors sell a similar birdhouse for $245 each. José believes he can produce a birdhouse for a total cost of $200 per unit, and he plans a 25% markup on total cost. (a) Compute José's planned selling price. (b) Is José's price lower than competitors' price? Complete this question by entering your answers in the tabs below. Required A Required B Compute José's planned selling price. Selling price E per unit Required A Required B >
- José Ruiz starts a company that makes handcrafted birdhouses. Competitors sell a similar birdhouse for $385 each. Jose believes he can produce a birdhouse for a total cost of $300 per unit, and he plans a 30% markup on total cost. (a) Compute José's planned selling price. (b) Is José's price lower than competitors' price? Complete this question by entering your answers in the tabs below. Required A Required B Compute José's planned selling price. Selling price per unitJosé Ruiz starts a company that makes handcrafted birdhouses. Competitors sell a similar birdhouse for $265 each. Jose believes he can produce a birdhouse for a total cost of $225 per unit, and he plans a 20% markup on total cost. (a) Compute José's planned selling price. (b) Is José's price lower than competitors' price? Complete this question by entering your answers in the tabs below. Required A Required B Compute José's planned selling price. Seling price per unit (Required A Required B >A clothing company has determined that if the price of a T-shirt is K40, then 150 will be demanded by T-shirt wearers. When the price is K45, then 100 T-shirts are demanded by T- shirts wearers.(a) Find the price-demand equation, assuming that it is linear.(b) Find the revenue function.(c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue?(d) What is the price of each item when maximum revenue is achieved?
- Juan Fox’ has started her own company, Foxy Jeans, which manufactures imprinted jeans. Since he just begun this operation, he rents the equipment from a local printing shop when necessary. The cost of using the equipment is P3,000. The materials used in one jean cost P200, and he can sell it at 350. Requirements: Provide for a mathematical model that will show how to maximize the profit. IF Juan sells 100 jeans, what will his total revenues, total costs, and profit? How many jeans must Juan sell to have zero profit and zero loss (break-even)?Leah Wells, a yoga instructor, started a company that sells athletic yoga clothing. You are Leah’s marketing manager. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. After assessing the competitors, you determine that Leah needs to price her products with a markup percentage of 60%. The cost of her tank tops is $44 and her pullovers is $54. Determine the selling price for each of Leah’s clothing items. b. Leah is ready to launch her yoga pants. You have determined that she should set her price 30% below her competitor’s price of $124. Leah’s cost to produce yoga pants is $52 per unit. Determine the markup percentage on Leah’s yoga pants. c. Calculate the gross profit margin for tank tops, pullovers, and yoga pants. d. After a year, you determine that Leah should set a standard target margin percentage of 45% on all products. Determine the new prices for tank tops, pullovers, and yoga pants.a retailer wants to add a line of bike carriers to his sports department and plans to sell one model at $39.99. If he can buy a good product for $32.50 less 20%, will he be able to get his usual markup of 42% on the selling price and sell the carrier at the price he set?