Anna sells a certain pair of earrings at her store for $45.20 per pair. Her overhead expenses are $5.00 per pair and she makes 40.00% operating profit on selling price., Round to the nearest cent a. What is her amount of markup per pair of earrings? b. How much does it cost her to purchase each pair of earrings? Company A and Company B sell the same model camera for $110 and $135, respectively. During a sale, Company A offers a discount of 10% on the camera. What should Company B's rate of markdown be on the camera to match Company A's sale price?

Anna sells a certain pair of earrings at her store for $45.20 per pair. Her overhead expenses are $5.00 per pair and she makes 40.00% operating profit on selling price., Round to the nearest cent a. What is her amount of markup per pair of earrings? b. How much does it cost her to purchase each pair of earrings? Company A and Company B sell the same model camera for $110 and $135, respectively. During a sale, Company A offers a discount of 10% on the camera. What should Company B's rate of markdown be on the camera to match Company A's sale price?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter4: Gross Income

Section: Chapter Questions

Problem 18P

See similar textbooks

Similar questions

A jewelry store sells diamond rings, silver charms, gold bracelets and pearl necklace. The proprietor Amanda usually sets a selling price for silver charms based on a markup on cost of 80%. Pearl necklaces have a markup og 60%. All other items are sold 100%. She buys gold bracelets for $125 each. Use this information. What is the selling price of a diamond ring that Amanda purchases for $1,400?
Sadie May has decided to start a business where she will sell a single line of high heel shoes. Sadie will sell each pair of heels for $60 and will purchase the shoes from a supplier for $30 per pair. The supplier has offered Sadie two shipping options: either (1) Sadie can pay $5 per pair of heels ordered or (2) Sadie can pay a flat shipping cost of $500 per month regardless of the number of pairs ordered. All of Sadie’s sales will be made online. The cost to maintain and manage her website will be $750 per month. In addition, Sadie will rent a small space to store inventory for $250 per month. Sadie does not expect any additional costs in her operations as long as she does not sell more than 150 pairs of heels per month. Which of the following statements is incorrect? A. Shipping option 2 is a riskier cost structure for Sadie. B. At a monthly sales volume of 100 pairs of shoes, Sadie will be indifferent between the two shipping options. C. If…
Help me please
Jocelyn has an internet business selling paint sets. After an initial website fee each week, she makes profit of $0.75 on each set she sells. If she sells 8 sets and she makes $2.25; what's the equation representing her weekly possible earnings?
Garrick is purchasing equipment for his job as a builder. The equipment costs $1000 and he wants to make monthly payments of $125. He has two different credit cards that he can use to finance the purchase. • Card A charges 9.9%, compounded daily, but it also charges a fee of $65 for all purchases over $1000 that is immediately added to the balance. • Card B charges 13.3%, compounded daily. What is the total cost of both options? Enter the total cost of the cheaper option here: Answer:
Please solve C, D, and E.
Ester has a small store. For the current month, she purchased merchandise costing 75000 for which she paid for 7500. She sold 60% of the merchandise for 68000, after spending for various expenses totaling 13000. She also paid 2000 for the interest on a money she borrowed for her store. a. How musch was her cost of sales?b. How much gross profit did she make?c. How much operating profit did she make?
Suppose Frances earns $825 per week working as a programmer for PC Pros. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Dmitri $450 per week to work the cash register. Dmitri uses $175 to purchase software from PC Pros. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Frances spends $9 to buy a box of aspirin. Frances earns $825 per week working for PC Pros. Dmitri spends $175 to purchase software from PC Pros. Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply. a. Frances's labor b. The $450 per week Dmitri earns working for Pillmart Pharmacy c. The aspirin Frances receives d. The $175 Dmitri spends to purchase software from PC Pros
help with E, H, and I please
Benjamin purchased dress shirts to sell in his clothing store that has overhead expenses equal to 11.00% of costs. To make a profit of 12.00% of the cost, he sells them at a regular price of $65.00 each. A)What rate of markdown is required to sell the shirts at break-even? B) What rate of markdown is required to sell the shirts at cost?
Please do fast ASAP...fast...
Lois Clark bought a ring for $6,100. She must still pay a 5% sales tax and a 10% excise tax. The jeweler is shipping the ring, so Lois must also pay a $40 shipping charge. What is the total purchase price of Lois's ring? Total purchase price