While she was at the store, it purchased 962 dress shirts that were listed for $71 each less trade discounts of 10%, 8%, and 1% from FXFusion in Vancouver. The store's operating expenses are 26% of cost and markup is 69% of cost. The store sold 562 shirts at the regular selling price. During a sale, it offered a markdown of 13% and sold another 271 shirts. It sold another 129 shirts at the break-even price. What is the break-éven price per shirt? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units.

While she was at the store, it purchased 962 dress shirts that were listed for $71 each less trade discounts of 10%, 8%, and 1% from FXFusion in Vancouver. The store's operating expenses are 26% of cost and markup is 69% of cost. The store sold 562 shirts at the regular selling price. During a sale, it offered a markdown of 13% and sold another 271 shirts. It sold another 129 shirts at the break-even price. What is the break-éven price per shirt? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EA: Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement...

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