A retailer buys an alarm set for RM 850. Operating expenses are 5 % based on cost. The retailer wants a 30% net profit based on the selling price. Find a) the breakeven selling price. b) the retail price. c) the gross profit.

Q: A shopkeeper sells an article at its marked price RO 7500 and charges sales-tax at the rate of 12%…

A: VAT = OUTPUT VAT CHARGED - INPUT VAT PAID   1. VAT TAX = RO 180   2. OUTPUT VAT CHARGED TAX = RO…

Q: Given the constant profit margin of 25%, determine the primary or net income for each SKU. Type your…

A: Net sales = Quantity sold - Returns from customers  Net income = Net sales x Selling price x Profit…

Q: Total sales for Appliance Center were $205,000 for the week. These sales included a 6% sales tax.…

A: Actual sales = Total sales / (1 + Sales tax rate)

Q: The Knockey Corporation sells hockey sticks at a wholesale price of $103. If a store marks this up…

A: In the given case, we have provided the wholesale price, mark up rate . And, to calculate the retail…

Q: A store in Vancouver has operating expenses of 20% of the selling price and the operating profit is…

A: Original Selling Price (Cost Price + Operating Expenses + Operating Profit)

Q: Dulaney's Stores has posted the following yearly eamings and expenses Click the icon to view the…

A: Profit Margin :— It is calculated by dividing net income by net sales revenue.    Return on Assets…

Q: designer just recently open as an upscale dress shop in hangu area. The owner is trying to decide…

A: The trade credit is the term of payment against any purchase made from the supplier. Supplier…

Q: Q. # 6. Michelle bought belts for her boutique at a cost of $27.00 each. The belts were marked up so…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Discount Electronics buys stereos for $830 less 37.5% and 12.5%. Expenses are 20% of cost and the…

A: Sales are the revenues generated by the business from its day to day operations. The sales revenue…

Q: At a 15% discount, a pair of shoes cost was $38.7. What was the regular price (without discount)?…

A: Regular price = Price after discount / (100 - Discount %)

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: FootWorks purchases shoes for $28 each pair and sells them at a regular price of $44 each pair. a.…

A: Given:Cost price per pair = $28Selling price per pair = $44Profit per pair = $5.25Overhead expense…

Q: = gross profit/loss c

A: We know that Gross profit = Sales revenue less cost of goods sold  Cost of goods sold includes…

Q: Azlita bought a refrigerator with marked down 14% during a clearance sale. The selling price is…

A: Selling price: It is the price at which product or service is sold in the market by a seller to a…

Q: A nut seller bought 15 kgs of cashew nuts at P215.00 per kilogram and 12 kgs of pili nuts at P336.00…

A: The overall number of product lines and specific items or services it offers is the product mix.A…

Q: A retail tenant is in 3,575 rentable square feet. Their base rent is $15.95/sf and they pay…

A: The objective of the question is to calculate the natural breakpoint in terms of sales per square…

Q: Kantorovich Company normally takes 25 days to pay for its average daily credit purchases of $1,900.…

A: To determine the net credit position of Kantorovich Company, we need to calculate the net credit…

Q: b. Prepare a Cash Budget for Muhibbah Harmoni Sdn Bhd for the third quarter of 2022.

A: Cash Budget shows an estimate of the anticipated receipts and payment of cash during the budget…

Q: 4. Mean enterprises offered a selling price of Php 5500 and an invoice price of Php 4375 on a cloth…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: A distributor purchases industrial fans for $160 each. Its profit is 10.00% on selling price and…

A: Answer 2Total cost = 240 * 66 = $15,840Sales value:50% of units sold at regular price = 66*50% * 325…

Q: Farrington Shoes buys shoes from a supplier at $78 each, less trade discounts of 20% and 5%.…

A: Break even price =Fixed Cost /Profit Volume Ratio Fixed Cost=30%*regular selling price…

Q: A distributor purchases industrial fans for $147 each. Its profit is 9.00% on selling price and…

A: Markup refers to the amount added above cost to cover overhead expenses and profit.

Q: An item sells for P25 a unit, but a 10% discount is offered for lots of 150 units or more. A company…

A:

Q: Home Hardware paid $78 for a particular type of drill. Expenses are 14% of selling price and the…

A: Given:Cost of the drill: $78Expenses as a percentage of selling price: 14%Required profit as a…

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: Somar Fashions purchases T-shirts for $22 less 28%. During a promotion, Somar Fashions sold the…

A: Mark-down: A price markdown is a decrease in the selling price of retail products that are done on…

Q: A department store paid $30.94 for a salad bowl. Overhead expense is 23% of the regular selling…

A: In order to determine the profit, the cost of goods sold are required to be subtracted from the…

Q: 8. Big Pharmacy buys 50ml hand sanitizer for $250 per box which contains 50 bottles. Find the…

A: Purchase price per bottle = $ 250 Markup on selling price = 35% Selling price = P

Q: An answering machine cost a dealer $220.00 less 31.5%, 7%. It is regularly priced at $212.00. The…

A: Here, Cost of Answering Machine before the discount is $220 Discount Rate is 31.5% , 7% Regular…

Q: Reggie'sReggie's Repair Shop has a monthly target profit of $15,000. Variable costs are 75% of​…

A: The margin of safety (MOS) refers to the difference between the break-even point and the estimated…

Q: Bargain city clothing store purchased raincoats for $38.10. The store requires a markup of 49% on…

A: The selling price is the price at which the product is sold to the customer. In other words, it is…

Q: An item that cost the dealer $350 less 35% and 12.5% carries a regular selling price on the tag at a…

A: Item that cost the dealer $350 less 35% and 12.5%. Selling price on the tag at a markup of 150% of…