Determine planned purchases (a) at retail and (b) at cost for a month with the following planned figures: Round to the nearest dollar. Sales $148,000 Markdowns 8,400 BOM Stock 310,500 EOM Stock 340,000 Markup 48%
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
11.
Determine planned purchases (a) at retail and (b) at cost for a month with the following planned figures: Round to the nearest dollar.
Sales $148,000
Markdowns 8,400
BOM Stock 310,500
EOM Stock 340,000
Markup 48%
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