MOUNTAIN BIKE REI advertises mountain bikes for $199.90. If the store's cost is $2100 per dozen, what are (a) the markup per bicycle, (b) the percent of markup on selling price. and (c) the percent of markup on cost?
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A: Trade discount: It is the reduction in the retail price when manufacture sell product to the…
Q: IGOT7 Store purchases shirts printed with GOT7 name and logo from a vendor. The vendor sells the…
A: Optimum quantity is the quantity which is to be produced in such a way that it incurs minimum cost…
Q: 2. An appliance store sold GS coffeemakers for $22.95 during a promotional sale. The store bought…
A: Operating profit is the profit which is obtained deducting expense from sales.
Q: Show Work.
A: In this question, we have to calculate the trade discount Trade discount refers the discount which…
Q: ABC Merchandising buys merchandise costing P35,000 and returns P10,000 cost of the merchandise. If…
A: Term 2/10, N30 means that if the buyer pays the dues within 10 days then the buyer is eligible for a…
Q: Bernie’s Bike Shop receives the following trade discounts: 35/25/15. The vendor’s price list…
A: The question is based on the concept of Business finance.
Q: appliance store realizes a mark-up of php3,450 in selling tv sets. if its items are sold at a…
A: Mark-up is the amount of profit on the particular good. The mark up is the difference between the…
Q: use the following information related to the selling of watches for answering 1 through 3 Selling…
A: Contribution margin on per unit basis = Selling price per watch - purchasing cost of per watch -…
Q: JIN Corporation started a promotional program. A towel is offered as a premium to customers who send…
A: The question is based on the concept of business transaction analysis.
Q: A store purchases ear buds from the manufacturer for $5 each. Calculate the sticker price for the…
A: Gross Margin - Gross Margin is the profit earned by the organization from the sales made by the…
Q: What is the total finance charge?
A: Given information is: Purchase price = $242 Down payment = $100 Amount financed = $142 Number of…
Q: Buyer A bought 20 pcs of product Z from Seller B with the following information: Selling price,…
A: Inventory- Inventory refers to the physical stock of items owned by a company at any given time.
Q: Smart Phones. Inc. buys one model of smartphone, paying $2370 per case of 20 phones. Find the asking…
A: The asking price of anything is generally the amount that the seller claims they really want from…
Q: Neal's Photographic Supplied sells a Pentax camera for 440.98. The markup is 86% of cost. How much…
A: Selling Price = 440.98 Markup = 86% of Cost How much store pay for this camera = Cost Price = ?…
Q: Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop…
A: Break even sales (in dollars) Fixed cost / PV ratio. Variable cost = invoice cost + sales commission…
Q: Sports Extreme advertised a Freestyle XL Stand Up Paddleboard for a regular price of $710. Sports…
A: Solution:- Calculation of above requirements as follows under:-
Q: Farrington Shoes buys shoes from a supplier at $78 each, less trade discounts of 20% and 5%.…
A: Break even price =Fixed Cost /Profit Volume Ratio Fixed Cost=30%*regular selling price…
Q: Locust Software sells computer training packages to its business customers at a price of $101. The…
A: Hi, Thanks for the Question. Since you asked multiple sub parts question, we will provide the…
Q: Sharma Kennels buys some items with a list price of $4,100. The supplier extends a 40% trade…
A: The net price is the value at which, after all taxes and other expenses are applied and all…
Q: A wholesaler sells a guitar for $1,396.20. What is the percent markup based on cost if the…
A: The markup reveals how much greater a firm's selling price is over the item's cost to the business.…
Q: A bookshop had 650 copies of a book IUI sale. The books were marked at N75 per copy in order to make…
A: Profit portrays the money related advantage acknowledged when income created from a business action…
Q: A retailer buys an alarm set for RM 850. Operating expenses are 5 % based on cost. The retailer…
A: Net profit on sale means the excess of selling price over cost of the product.
Q: The best-selling pair of shces Footstep se!lls for P499.99 a pair. The store consistently selis 7000…
A: The minimum number of orders required by a company so that its cost is minimum is known as the…
Q: Bikers Outlet purchases mountain bikes at a cost of P28,000 each. If the company's operating…
A: Operating expenses are costs and expenses incurred for operating the business or product. Markup is…
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A: There are three consecutive discounts are given here, the ne price factor can be calculated by using…
Q: Hewlett Packard introduces a new high-speed, Indigo Digital Press that can be used to print…
A: Total discount rate = 1- 1*(1- discount rate)*(1- discount rate)*(1- discount rate) =1 -…
Q: Equate Inc. sells products with a cost of $25,000 during the year to customer for $55,000. It is…
A: It is pertinent to note that variable consideration need to be included in the transaction price.…
Q: An appliance store sold GS coffeemakers for $22.95 If the store's markup is 40% of the regular What…
A: Given information : Selling price of coffee makers = $22.95 Purchase price of coffee makers = $36…
Q: An automobile parts supplier sell Excel brand batteries to van dealers. The annual demand is…
A: Formula of EOQ is; EOQ=2×Annual demand×Ordering costHolding cost
Q: A book store sells a book at 6.95 per unit. The cost to purchase one book is 3.95. The fixed cost is…
A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…
Q: a. A boutique buys bags from a manufacturer for Php 2,000 each and sell them for Php 3,299.Compute…
A: As per the guidelines, only one question is allowed to be answered. Please upload different question…
Q: Complete the following table: Purchase price of product Schwinn Mountain Bike Down…
A: Given information: Purchase price of product Schwinn Mountain Bike $250 Down Payment $100…
Q: After the markup of 25% on sales a watch is sold for Rs.1250 , what is its cost?
A:
Q: JIN Corporation started a promotional program. A towel is offered as a premium to customers who send…
A: JIN Corporation started a promotional program. A towel is offered as a premium to customers who send…
Q: 4. Foster Supplies is considering a contract to sell merchandise to a hair salon chain for $49,000.…
A: Gross profit means the difference between the sale revenue and cost of goods sold where as operating…
Q: JIN Corporation started a promotional program. A towel is offered as a premium to customers who se…
A: Business transaction analysis. The following are the four stages of business transaction analysis:…
Q: JINN Corporation started a promotional program. A towel is offered as a premium to customers who…
A: INTRODUCTION: Assets raise your company's worth and equity, but liabilities lower your company's…
Q: A furniture store is selling a dining room set for a cash price of $979 plus HST. They also have an…
A: Note: As per the Policy,We’ll answer the first question since the exact one wasn’t specified. Please…
Q: london Printing wishes to print and market the book prepared by X person on engineering economy.…
A: Break even sales: The level of sales where the revenue generated is equal to the cost incurred by…
Q: Buttons and Bows received a shipment with a list price of $2,600. The store received a trade…
A: Trade discount: A trade discount is offered on the list price of goods. It is not shown in the books…
Q: Calculate APR using the calculator from this advertisement: Jeep - Cash Price $24,000 Monthly…
A: In this we have to calculate monthly interest rate from that we can get the APR.
Q: A retailer purchase 10 printer at the price of Rm300 each. The estimated Operating are 20% based on…
A: Markdown: It the price below the normal selling price at which the products shall be sold.
Q: Appliance Store realizes a mark-up of PHP3,450 in selling TV sets. If its items are sold at a…
A: Mark-up is the difference between the selling price and the cost price. The mark-up percentage on…
Q: Mke purchases a bicycle costing S178.70. State taxes are 5% and local sales taxes are 3%. The store…
A: While calculating total purchase price we have to sum up cost of bicycle, all taxes and any extra…
Q: A retailer buys an alarm set for RM 850. Operating expenses are 5 % based on cost. The retailer…
A: Cost per alarm = RM850 Operating expenses on cost = 5% Profit ratio on selling price = 30%
Q: Compute the reorder point for TTT Inc.
A: Reorder point = lead time demand + safety stock Lead time demand = Lead time * Average daily sales…
Q: D. Markup and Markdown 1. A car accessory is sold for Php 420 .90. The store’s marked-up based on…
A: When products are sold, the price could be raised or lowered according to the existing conditions in…
Q: Charlotte sells widget that cost $50 each to purchase and prepare for sale. Annual demand is 10,000…
A: Please see the next step for the solution
Cost of 1 Bicycle:
= $175
Markup of a single bicycle:
= Selling price of a bicycle - Cost of 1 Bicycle
= $(199.90 - 175)
= $24.90
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- A discount store purchased mobile phones at a cost of P28,800 per dozen. If they need 20% of cost to cover operating expenses and 15% of cost for the net profit, what is (a) the selling price per phone and (b) the percent of markup on selling price?The 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.If a mountain bike originally cost the retailer $249.95, how much will a customer have to pay for it, if it is marked up by $95.50?
- Complete the following table. Purchase price of product Schwinn Mountain Bike $242, Down payment $100, Amount financed $142, Number of monthly payments 12, Amount of monthly payments $13.50, Total of monthly payments $162. What is the total finance charge?2. What is the cost of a shirt sold at P150 if the markup rate is 35% of the selling price? 3. What is the markup rate based on selling price if markup rate on cost is 10%?Bikers Outlet purchases mountain bikes at a cost of P28,000 each. If the company's operating expenses are 10% of cost and a mark up rate of 20% is desired, find (a)the selling price of one mountain bike, (b) the operating expenses, (c) total cost.
- 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.PLEASE ANSWER IT NOW, I NEED THE ASNWER. A hardware store purchased a tool at P20,000 per unit. At what price should the tool be sold so that giving a 15% discount, will provide them with 25% profit?D. Markup and Markdown1. A car accessory is sold for Php 420 .90. The store’s marked-up based oncost is 43.28%. What is the cost of the accessory? What is the rate ofmarkup?2. A strawberry juice was offered for sale at Php 25.50 at E-mart. At Lottemart, the selling price of a similar juice drink was Php 30.50. What rate ofmarkdown would Lotte mart offer to sell the drink at the same price asE-mart?E. Profit From Loss1. Ryeowook buys an old scooter for Php 14 700 and spends Php 1 800 onits repairs. If he sells the scooter for Php 15 800, what is his gain or loss?2. A dealer losses Php 5 000 when he sells meat at a loss of 10%. Howmuch is the selling price of the meat?F. Breakeven1.A barbecue stall sells barbecue at Php 10 per piece. The fixed cost is Php5 000 and the variable cost is Php 5 per piece. At what level of productionwill it generate a profit of Php 1 000?2. An electric company that produces calculators has an annual fixed costof Php 450 000. The variable cost of producing a…
- Buyer A bought 20 pcs of product Z from Seller B with the following information: Selling price, P1,500 each. With terms 20,10,5/15/ n/30. Transport cost is P10 per unit. If the payment is made on the 20th day.1. how much will Buyer A pay the seller when the term is FOB Destination Prepaid?2. how much will Buyer A pay the seller when the term is FOB Shipping Point Prepaid?3. how much will Buyer A pay the seller when the term is FOB Destination Collect?use the following information related to the selling of watches for answering 1 through 3 Selling price per watch $25 fixed expenses (Gen.Admin. & Financial) = 150,000 purchasing cost of per watch $10 cost sales commission os sales person on sale of each watch $5 Q1 what is the firm's contribution margin on per uniy basis? a) 15 b) 13 c) 10 D) non of the above15.The Jersey Store purchases sports jerseys at a cost of $14.00 per jersey. They sell the jerseys for $32.00 each. The rate of the markup based on selling price is around 56%. True or False
