The boyswear buyer purchases 20 dozen pairs of jeans at $108/dozen and 15 dozen flannel shirts at $96/dozen. The departmental markup is planned at 52%. If the jeans are priced at $18, what price must be put on the shirts to reach goal markup?

The boyswear buyer purchases 20 dozen pairs of jeans at $108/dozen and 15 dozen flannel shirts at $96/dozen. The departmental markup is planned at 52%. If the jeans are priced at $18, what price must be put on the shirts to reach goal markup?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please Introduction and show Working plz no plagiarism please

The boyswear buyer purchases 20 dozen pairs of jeans at $108/dozen and 15 dozen flannel
shirts at $96/dozen. The departmental markup is planned at 52%. If the jeans are priced at
$18, what price must be put on the shirts to reach goal markup?
Retail
Cost
Markup %
Total needs.
a) $17.67
b) $28.33
c) $18.00
d) $14.46
Purchases
Balance.

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