A retailer buys products at a cost of $150 and wants to make a 25% profit. What selling price should they set for the products?
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- Want your help with problemHomoward Hardware buys cat liter for $6 less 20% per bag. The store's overhead is 45% of cost and the owner requires a profit of 20% of cost (a) (b) (c) (d) (e) (7) For how much should the bags be sold? What is the amount of markup included in the selling price? What is the rate of markup based on selling price? What is the rate of markup based on cost? What is the break-even price? What operating profit or loss is made if a bag is sold for $7 509What would be the list price for the recliner? General accounting
- Jennings Hardware Store marks up its merchandise by 30%. If a part costs $25.00, which of the following is true? a. The price is $7.50. b. The markup is $32.50. c. The price is $32.50. d. The markup is pure profit. e. All of these choices are correct.What would be the list price for the recliner?A retailer buys a product from a supplier for $40. The retailer needs a 30% markup on cost to cover operating expenses. If the product is sold for $48, what is the outcome?
- Runners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.What is the selling price of a complete set of pots and pans at Walmart? Assume actual cost is $66.50 and 40% markup on selling price. Note: Round your answer to the nearest cent. Selling priceA clothing company has determined that if the price of a T-shirt is K40, then 150 will be demanded by T-shirt wearers. When the price is K45, then 100 T-shirts are demanded by T- shirts wearers.(a) Find the price-demand equation, assuming that it is linear.(b) Find the revenue function.(c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue?(d) What is the price of each item when maximum revenue is achieved?
- Provide solution for this questioni want answer of this question please provideA buyer plans to sell a certain group of shirts in his store for $24 each. He needs to achieve a 45% markup over his cost . What should he pay his supplier per shirt in order to meet his goal ? (Round to the nearest cent.)