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chapter 5  9. A menswear buyer needs 84 shirts to retail at $18 each and 52 pairs of slacks to retail at $35 each.  He needs to average a 47.50% markup.  If he pays $9.50 for each shirt, how much can he pay for each pair of slacks in order to achieve his planned markup percent? Present your answer with a dollar-sign, comma separator, and rounded to the penny (i.e. $1,250.88).

Gateway Tours is choosing between two bus models. One is more expensive to purchase and maintain but lasts much longer than the other. Its discount rate is 11.0%. The company plans to continue with one of the two models for the foreseeable future. Based on the costs of each shown below, which should it choose? (Note: dollar amounts are in thousands.) Model Old Reliable Short and Sweet Year 0 -$200 -$100 Year 1 -$4.0 -$2.0 Year 2 -$4.0 -$2.0 Year 3 -$4.0 -$2.0 Year 4 -$4.0 -$2.0 Based on the costs of each model, which should it choose? (Select the best choice below) OA. Gateway Tours should choose Short and Sweet because the NPV of its costs is smaller. OB. Gateway Tours should choose Short and Sweet because the equivalent annual annuity of its costs is smaller. OC. Gateway Tours should choose Old Reliable because the equivalent annual annuity of its costs is smaller. D. Gateway Tours should choose Old Reliable because it lasts longer. Year 5 -$4.0 Year 6 -$4.0 Year 7 -$4.0

A wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? % Need Help? Read It Watch It Master It