a. How much does Rolf's Golf store buy the golf balls for?   _____per dozen   b. What is the price needed to cover all the costs and expenses?     c. What is the highest rate of markdown at which the store will still break even?       d. What markdown rate would price the golf balls at cost?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Rolf's Golf store sells golf balls for $27 per dozen. The store's overhead expenses are 26% of cost and the owners require a profit of 18% of cost.

a. How much does Rolf's Golf store buy the golf balls for?

 

_____per dozen

 

b. What is the price needed to cover all the costs and expenses?

 

 

c. What is the highest rate of markdown at which the store will still break even?

 

 

 

d. What markdown rate would price the golf balls at cost?

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