Runners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.
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Runners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.
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- A computer was put on sale by the store owner. A trade discount of 30% is given to any buyer but still, the store will realize 25% margin. If the computer has a tag price of P41, 550, What should be its cost?A buyer plans to sell a certain group of shirts in his store for $24 each. He needs to achieve a 45% markup over his cost . What should he pay his supplier per shirt in order to meet his goal ? (Round to the nearest cent.)What is the pricing equation and how is it used? If the product list price is $1000 and the retailer typically discounts the product at the end of the season by 20% on list price as an Incentive to sell the remaining 20% of the inventory to make room for next season’s products, what amount of upsell effort (Extra Fees for services) would be required all season to achieve an average Final Price paid by customers of 6% over list price over the entire season? Show your equations and calculations.
- If a home goods retailer pays $32.50 for the vacuum cleaner shown here, answer the following questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) An advertisement has a picture of a vacuum cleaner. From top to bottom, the text of the ad is as follows. 12 amp Powervac Plus $89.99 Microfiltration On-board tools 1 year Product Replacement Policy, $7.99 (a) What is the percent markup based on selling price? % (b) If the retailer pays $1.70 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? % (c) If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup dollars," the gross margin, were made by offering the policy? $ (d) As a housewares buyer for the retailer, what is your opinion of such insurance policies, considering their effect on the "profit picture" of…CompuFit Outlet buys portable hard-disks for $540 each and has a rate of markup of 52% of the selling price. During a sale, it offers a markdown of 75%. a. Calculate the regular selling price. Round to the nearest cent b. Calculate the reduced selling price. Round to the nearest centAnselmo’s Engineering buys circuit boards with a list price of $32,000. If the supplier extends trade discounts of 42/32/12, what is the trade discount amount?
- Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/12/6. (a) What is the net price factor? (b) What is the single equivalent discount? (c) What is the amount (in dollars) of the trade discount? $ (d) What is the net price (in dollars) of the order? $What is the pricing equation and how is it used? If the product list price is $1000 and the retailer typically discounts the product at the end of the season by 20% on list price as an Incentive to sell the remaining 20% of the inventory to make room for next season’s products, what amount of upsell effort (Extra Fees for services) would be required all season to achieve an average Final Price paid by customers of 6% over list price over the entire season? Show your equations and calculations. short answerSuppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/14/8. (a)What is the net price factor? (b)What is the single equivalent discount? (c)What is the amount (in dollars) of the trade discount? (d)What is the net price (in dollars) of the order?
- Martz Inc. has a customer loyalty program that rewards a customer with 1 customer loyalty point for every $10 of purchases. Each point is redeemable for a $3 discount on any future purchases. On July 2, 2020, customers purchase products for $300,000 (with a cost of $171,000) and earn 30,000 points redeemable for future purchases. Martz expects 25,000 points to be redeemed. Martz estimates a standalone selling price of $2.50 per point (or $75,000 total) on the basis of the likelihood of redemption. The points provide a material right to customers that they would not receive without entering into a contract. As a result, Martz concludes that the points are a separate performance obligation. Instructions a. Determine the transaction price for the product and the customer loyalty points. b. Prepare the journal entries to record the sale of the product and related points on July 2, 2020. c. At the end of the first reporting period (July 31, 2020), 10,000 loyalty points are…Ace Hardware buys brushes at a wholesale price of PhP 380 each. If the selling price is PhP 627, what is the markup rate?Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9500 with trade discounts of 25/14/6. What is the net price factor? What is the single equivalent discount? What is the amount (in dollars) of the trade discount? What is the net price (in dollars) of the order?