What is the total percent discount?
Q: What is the pricing equation and how is it used? If the product list price is $1000 and the retailer…
A: The pricing decision is one of the important decisions for the business, for this decision all…
Q: A manufacturer of computer printers offers a series discount of 15/10/5. A second manufacturer of…
A: Let, sales price = 100 Net price = sales price x (1 - discount rate) = 100 x (1-0.15) x (1-0.10) x…
Q: Given the cost per king-size sheet set above and assuming the manufacturer has total fixed costs of…
A: Given: Fixed cost = $500,000 Unit sales = 50,000
Q: Use the trade discount system shown in the table to calculate the cost of 500 lbs of product if the…
A: Trade discount: The discount that is provided by the manufacturer or wholesaler to a wholesaler or…
Q: The supplier of the bath towel is offering a discount of $25 off each order if orders are placed in…
A: Econi=omic order quantity=2×Annual demand×Ordering costCarrying cost
Q: A merchant has an annual demand for a product of 500 items. He buys from a supplier at a cost of $5…
A: Buying cost = Annual Demand x Buying cost per unit Ordering cost = Ordering cost per order x (Annual…
Q: A bookstore sets selling prices to be 20% more than their cost. What percent of the selling price is…
A: Given: Cost + 20% of Cost = Selling price
Q: at is the selling price of a dining room set at Macy's? Assume actual cost is $840 and 55% markup on…
A: Solution.. Cost = $840 Markup % = 55% of selling price
Q: whereas B offers the following incremental discount schedule: $1.25 per pound for all orders less…
A:
Q: A dining set costs a company $2,300 to manufacture. If it sells for $5,175, what is the percent…
A: Solution... Cost = $2,300 Sales = $5,175 Markup on cost = ?
Q: You place an order for 250 units of inventory at a price of $130 per unit. The supplier offers terms…
A: Solution- (A) Days until Overdue=30 days Working notes- Offers term of 1/10, net 30, if we pay…
Q: As the manager of Speedy Supermarket, answer the following questions. (Round dollars to the nearest…
A: Markup = Markup is the Difference between a Product price and cost as a percentage of the Cost.…
Q: A store has clearance items that have been marked down by 50%. They are having a sale, advertising…
A: A discount is a reduction in the original price of the product. The discount can be offered as a…
Q: A buyer plans to sell a certain group of shirts in his store for $24 each. He needs to achieve a 45%…
A: The cost of shirt can be calculated as the difference of selling price and the markup amount.
Q: A Company estimates that its carrying cost is 20% of the purchase price and its ordering cost at $40…
A: Economic order quantity represents quantity that leads to minimum cost of the inventory.
Q: If the retailer pays $1.30 to the insurance company for each product replacement policy sold, what…
A: Here, the total cost includes the product cost and the cost to the insurance company per product.…
Q: A catering company buys some items with a list price of $5,000. If the supplier extends trade…
A: The net price factor is the percent of the list price a business pays for merchandise. It is the…
Q: If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the…
A: Economic order Quantity =2×A×OC
Q: Maximum Inc. (retailer) has a loyalty program that rewards its customers one point per $1 spent.…
A: Journal is the primary book where the transactions are originally recorded. Further, a journal entry…
Q: they sell by marking up its cost at wholesale a full 100%. If they had a sale with all items marked…
A: Step 1 In cost, there are two types of profit percentage method generally, which is based on On…
Q: If a home goods retailer pays $32.50 for the vacuum cleaner shown here, answer the following…
A: The question is based on the concept of Cost Accounting. As per Bartleby guidelines we are allowed…
Q: Shoecraft earns a 42% contribution margin as percent of selling price, What is Shoecraft's ANNUAL…
A: Step 1 Profit is the difference between sales and cost of sales of all the sales made by the entity…
Q: A customer is willing to order 100 cases listed at $20 per case to get a 15 percent quantity…
A: Calculation of Amount Customer Paid:The amount customer paid is $1,666.Excel Spreadsheet:
Q: A jacket costs $150 . What is the selling price if the markup is 45% of the selling price
A: Given, Cost = $150 Markup = 45% on Selling Price We know, Cost + Markup = Selling Price
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: If a food cost percentage is 40 percent on sales of $500, the food cost percentage on sales of $800…
A:
Q: In January 2020, a retailer sells 100 paper shredders to customers for $100 each. The terms of the…
A: Refund liability: When a company sells its products with a right of return to customers it has to…
Q: The housewares department placed an order for 2 dozen Ninja Bullet Juicers that have a list price of…
A: During the course of a business, traders may provide discounts to their customers. The kinds of…
Q: Sharma Kennels buys some items with a list price of $4,700. The supplier extends a 40% trade…
A: Calculate discount amount: Discount amount = list price * trade discount rate Discount amount =…
Q: A fumiture salesperson can sell 60 pieces of fumitur miture as inventory would cost $50 over the…
A: Inventory costing, often known as inventory cost accounting, allows businesses to allocate expenses…
Q: The company has been approached by a customer with a request for a 100-unit special order. What is…
A: Variable Cost: Variable cost is the cost which varies with activity measure. Its important for…
Q: After a 35/20 trade discount, a kitchen appliance store paid $40. What was the list price?
A: Trade Discount:-Trade discount is the discount which the manufacturer provides to the seller on the…
Q: You place and order for 100 units of inventory at a unit price of P 50.00. The supplier offers…
A: Trade discount is the discount one gets when purchasing large units of goods. So, discount is given…
Q: A retailer buys 100 blouses for $55.50 each, plans a 60% markup on cost. What is the price of one…
A: Given, Cost = $55.50 Markup on Cost = 60%
Q: The annual demand for an item is 20,000 units. The cost to process an order is $25 and the annual…
A: Here, Economic Order Quantity when purchase Price is not constant. When Purchase Price is not…
Q: As the manager of Speedy Supermarket, answer the following questions. (Round dollars to the nearest…
A: The question is based on calculation of selling price and markup on selling of products. formula for…
Q: A store pays $60 for a set of cookware. Overhead expense on each cookware is 6% of the selling price…
A: Given information: 1)Cost for set of cookware = $60 2) Overhead expenses=6% of…
Q: nalyze whether the company should take advantage of the discount or not
A: In this case, assume that the purchase price of single unit is $100, therefore, the purchase price…
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…
Q: What is the pricing equation and how is it used? If the product list price is $1000 and the retailer…
A: The pricing decision is the crucial decision for the business, the management has to explore…
Q: All refrigerator cost a company $1,600 to manufacturer. If it sells for $3,456, what is the percent…
A: Markup of the cost is the amount that is added to the actual cost of the product to determine its…
Q: ou can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%,…
A: This is a case of successive discounts. Successive discounts are discounts on discounts.
Q: a. A retailer buys flowers at ₱1,400 per bouquet. She sells them for ₱2,000 per bouquet. How much is…
A: When the manufacturer sells products to the consumers, he adds a Markup to the cost price and then…
Q: If a company normally expects a mark-up on cost of 30% and that a new product will sell successfully…
A: The Mark up on cost = 30% And we have given the selling price So convert mark up on cost to mark up…
Q: An item listed for 4,000 has been given trade discounts of 30%, 20%, and 10% by the manufacturer. 1.…
A: Solution:- Trade discount means the amount of discount on the list price of a commodity.
Q: A manufacturer offers a 25/20 c discount if the invoice subtotal is $1,000. If the list price is $52…
A: Companies gives discount to attract the sales and increase the sales of company but that is the cost…
Q: sells a quantity of 20 for $15 to a retailer who sells each brush for $1.50. Calculate the…
A: As per the given information, Manufacturing company sells 500 units of goods to Wholesaler at 300…
A kitchenware company receives a 30% discount, followed by a 20% discount, from its supplier. What is the total percent discount?
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- Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of product and pays the supplier within 15 days of shipment. What is the total percentage discount on the sale? Cost of product: $75.00 per case Trade discount: $5.00 per case Quantity discount: 1.5% for each 500 cases Performance allowance: 5% Cash discount: 2/10, net 30# You can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%, Company B for $2,900 with a trade discount of 20% and 10%, or Company C for $3,450 with a trade discount of 20%, 15%, 5%. Which company has the lowest net price?A retailer buys a product from a supplier for $40. The retailer needs a 30% markup on cost to cover operating expenses. If the product is sold for $48, what is the outcome?
- The supplier of the bath towel is offering a discount of $25 off each order if orders are placed in quantities of 500. Should the department store place orders for 500 units?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.A retailer uses a 35% markup on cost. What is the equivalent percent markup on selling price (to the nearest tenth of a percent)?
- 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.A home gods retailer offers a sales incentive program where customers receive credit towards future purchases based on the dollar amount of their purchases today. For every $10 spent, a customer receives a $1 credit to use in the next 30 days. Based upon historical trends, the firm estimates that 35% of the credits will be redeemed. Assume the credit associated with the sales incentive program is a separate performance obligation. If during the month the company sold $40,000 of product with a cost of $22,000, what is amount of revenue allocated to product sales? Round to the nearest dollar. $29,630 $36,364 $38,647 $40,000 None of the aboveWhat 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.
- A dining set costs a company $2,300 to manufacture. If it sells for $5,175, what is the percent markup based on cost?A customer is willing to order 100 cases listed at $20 per case to get a 15 percent quantity discount. Terms are 2/10, n/30, FOB destination. The customer pays five days after receiving the invoice. How much did the customer pay?All refrigerator cost a company $1,600 to manufacturer. If it sells for $3,456, what is the percent markup based on cost? (Round to the nearest whole percent)