Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is $135. You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you sell these tables for $689, what is your Cost of Goods Sold Percentage?

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is $135. You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you sell these tables for $689, what is your Cost of Goods Sold Percentage? 

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Follow-up Question

Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. Your cost on each pack is $29.95 and you sell them for $59.95. If your operating expenses for the year total $144,080, what are your Net Income and Net Profit Margin Percentage?

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Follow-up Question

Suppose your company sells a packs of lenses attach to smart phones to improve the quality of picture people take.you pay 29.89for each 3pack 59.95what is goods sold percentage for this item? 

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Follow-up Question

You make beautiful  coffee tables out of juniper trees. You funded this business  yourself with a 50,000 investment.  You sold 875 tables year  one at 689 per table. Your material  and labor costs were 227,500 for the year, and your additional  operating  expenses  were  224,000. What us your ROI on your initial  investment  for this first year?

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Follow-up Question

What is the gross profit margin on the coffee tables described?

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ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing