FootWorks purchases shoes for $28 each pair and sells them at a regular price of $44 each pair. a. If the profit made is $5.25 per pair, what is the overhead expense per pair? Round to the nearest cent b. If the markdown offered during a Boxing Week sale is 20.00%, what is the reduced selling price? Round to the nearest cent c. What is the profit or loss made on the sale of each pair during the Boxing Week sale? Nail & Hammer Shack purchased 236 table fans of a particular make. The unit cost was $26.50 and the regular selling price was $53.00 each. The store sold 130 of them at the regular selling price. During a sale, it sold another 45 of them at markdown of 21.00%. The remaining units were sold at an additional markdown of 15.00% on the original price. What is the net rate of markup based on total cost?
FootWorks purchases shoes for $28 each pair and sells them at a regular price of $44 each pair. a. If the profit made is $5.25 per pair, what is the overhead expense per pair? Round to the nearest cent b. If the markdown offered during a Boxing Week sale is 20.00%, what is the reduced selling price? Round to the nearest cent c. What is the profit or loss made on the sale of each pair during the Boxing Week sale? Nail & Hammer Shack purchased 236 table fans of a particular make. The unit cost was $26.50 and the regular selling price was $53.00 each. The store sold 130 of them at the regular selling price. During a sale, it sold another 45 of them at markdown of 21.00%. The remaining units were sold at an additional markdown of 15.00% on the original price. What is the net rate of markup based on total cost?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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FootWorks purchases shoes for $28 each pair and sells them at a regular price of $44 each pair.
a. If the profit made is $5.25 per pair, what is the overhead expense per pair?
Round to the nearest cent
b. If the markdown offered during a Boxing Week sale is 20.00%, what is the reduced selling price?
Round to the nearest cent
c. What is the profit or loss made on the sale of each pair during the Boxing Week sale?
Nail & Hammer Shack purchased 236 table fans of a particular make. The unit cost was $26.50 and the regular selling price was $53.00 each. The store sold 130 of them at the regular selling price. During a sale, it sold another 45 of them at markdown of 21.00%. The remaining units were sold at an additional markdown of 15.00% on the original price. What is the net rate of markup based on total cost?
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