Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China.  Her cost is $35 a gown.  If her markup based on selling price is 79%, what is the selling price of

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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8-19. Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China.  Her cost is $35 a gown.  If her markup based on selling price is 79%, what is the selling price of each gown?  Round to the nearest cent.
           
           
8-20. Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him L280 to make.  He knows he wants 85% markup on cost.  What price should Brian May ask for the guitar?
           
           
8-21. You are buying and reselling items found at your local thrift shop.  You found an antique pitcher for sale.  If you need a 40% markup on cost and know most people will not pay more than $20 for it, what is the most you can pay for the pitcher?  Round to the nearest cent.
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