A shoe store sells a pair of shoes for $89.95. The cost of the shoes to the store is $46.50. a What is the markup? b. What is the markup rate?
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- You buy a pair of jeans for sale price of $100. The store paid . $40 to its supplier for the pair of jeans. What is the net worth of the store?Assume a jeweler paid $1,000 for a watch and sold it for $4,000. What would be his markup based on cost? Show calculations. What would be his markup based on selling price? Show calculations.An office supply store adds a $2.50 markup to calculators and sells them for $6.95. (a) What is the cost (in $) of the calculators? $ (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.) %
- please help me solve both questions1.On June 1, P8,000 of goods are sold with credit terms of 1/10, n/30. On June 3 the customer returned P1,000 of the goods. How much should the seller expect to receive if the buyer pays on June 8?A woman’s store sells the following categories of clothing or the following prices : Blouse :GH 14 Skirt:GH 16 Dress:GH 25 Pantyhose:GH 2 pair for GH3 Socks :GH 7 A lady goes to the store on a day when the store has 20% off sale on all skirts.If Yaa buys 2 skirts,1 dress ,and 4 pairs of pantyhose,How much money does lady have to pay ?
- A clothing merchant purchases a shipment of clothes for $37,000.00 with discounts of 11% and 5%. He sells it to a customer at a price which includes 21% profit on cost and overhead expenses of 23% on cost. a. How much did it cost him to purchase the container of clothes? $0.00 Round to the nearest cent b. What was the selling price of the container of clothes? 50.00 Round to the nearest cent c. Calculate the break-even selling price. 50.00 Round to the naarast cantPatel Supply is considering a contract to sell merchandise to a hair salon chain for $29,000. This merchandise will cost Patel Supply $19,100. What would be the increase (or decrease) to Patel Supply gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.)An automobile ski rack is sold to stores at a wholesale price of $38. If a store has a $23 markup, what is the retail price of the ski rack? Find the percent of the markup, to the nearest percent.
- A man buys an article whose listed price is RO 380 from a shopkeeper and pays a sales tax at the rate of 10%. The shopkeeper pays a VAT of RO 3. Find the input tax and the price inclusive of tax at which the shopkeeper bought the article from the wholesaler. Select one: O a. Input tax = 38, Price Paid by retailer to wholesaler = 350 O b. Input tax = 35, Price Paid by retailer to wholesaler = 385 O c. Input tax = 38, Price Paid by retailer to wholesaler = 385 O d. Input tax = 35, Price Paid by retailer to wholesaler = 350If a mountain bike originally cost the retailer $249.95, how much will a customer have to pay for it, if it is marked up by $95.50?Answer. What would be the journal entries for the below transactions 7 (m) The company sold goods to customers on credit in the amount of $10,000 d) The company paid towards its utilities bill $5.00.
