Kendra and Mikala, owners of Nue Rhythm Clothing, paid $40 a pair for jeans. On September 15, Kendra marked up the jeans 135% based on the cost. On November 24, she marked the jeans down 50% for a Black Friday sale. The jeans were marked down an additional 35% for final clearance. What was the final selling price of the jeans?

Kendra and Mikala, owners of Nue Rhythm Clothing, paid $40 a pair for jeans. On September 15, Kendra marked up the jeans 135% based on the cost. On November 24, she marked the jeans down 50% for a Black Friday sale. The jeans were marked down an additional 35% for final clearance. What was the final selling price of the jeans?

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

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Lowes Farm Supply paid $73 for a large bag of fertilizer. Expenses are 13% of cost and the profit is 21% of cost. Round the answers to the nearest cent if necessary. 1) What is the regular selling price? 2) To help clear inventory, the fertilizer was sold at break-even during a sale. What is the break-even selling price?
3. Gloria Windsor is a salesperson in the toy department at Morris. She is guaranteed a minimum salary of $195 per week, or 5.5% of her total sales, whichever is greater. What is her gross pay for a week in which her total sales were $2550? 4. Alan Tolferd is a salesclerk in the shoe department at-Clsmith's. IHe is guaran- teec e minimum celeerof $145 prer week or 0.0% cemmission en WINGI S --.More C2240?
Andria was invited to a gala dinner and wanted to buy an expensive dress so she visited Marian, a well-known fashion designer. They entered into a contract for the acquisition of the for a total price of 2000 dollars. After finishing with the dress, Marian received a call from Andria saying that she no longer needed the dress because the dinner party was cancelled. Marian already paid for 1500 dollars on fabric and immediately started an action against Andria for breach of contract. However, two weeks before the court hearing, Marian sold the dress for the same amount of money which she would have receive from Andria. REQUIRED: State the purposes of awarding damages for breach of contract State the duty to mitigate loss State the level of damages Marian can claim for breach of contract
Pearl Windows manufactures and sells custom storm windows for three-season porches. Pearl also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Pearl enters into the following contract on July 1, 2017, with a local homeowner. The customer purchases windows for a price of $2,420 and chooses Pearl to do the installation. Pearl charges the same price for the windows irrespective of whether it does the installation or not. The installation service is estimated to have a standalone selling price of $600. The customer pays Pearl $1,960 (which equals the standalone selling price of the windows, which have a cost of $1,120) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2017, Pearl completes installation on October 15, 2017, and the customer pays the balance due. Prepare the journal entries for Pearl in 2017.
Leah Wells, a yoga instructor, started a company that sells athletic yoga clothing. You are Leah’s marketing manager. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. After assessing the competitors, you determine that Leah needs to price her products with a markup percentage of 60%. The cost of her tank tops is $44 and her pullovers is $54. Determine the selling price for each of Leah’s clothing items. b. Leah is ready to launch her yoga pants. You have determined that she should set her price 30% below her competitor’s price of $124. Leah’s cost to produce yoga pants is $52 per unit. Determine the markup percentage on Leah’s yoga pants. c. Calculate the gross profit margin for tank tops, pullovers, and yoga pants. d. After a year, you determine that Leah should set a standard target margin percentage of 45% on all products. Determine the new prices for tank tops, pullovers, and yoga pants.
For Mardi Gras, Sassy Southerner Boutique purchased 700 sets of boxed jewelry sets to sell for $19.99. 150 boxes were sold at the regular price. Then, to encourage more customers to purchase the boxed sets, the remaining sets were marked down to $14.99, and 208 boxes were sold. The week of Mardi Gras, the buyer was concerned that she would still have boxes leftover, so she took another markdown to $9.99, and moved them to the cash register for a prominent display, and she sold 300 boxes at this price.
Mr. John Villamin wanted to sell cupcakes to his friends. He spends Php 22.50 per cupcake with corresponding mark up of 140%. For the month of February 2022, he sold 100 pcs on the 1st 15 days of the month, and 125 pcs on the remaining days of the month. Other expenses are 10% of the total ingredients cost. How much is the income or loss of Mr. Villamin for the month of February 2022 (indicate if income or loss and show your computation)?
Do an income statement for Gonzo’s Tattoo Parlour and Body Piercing for the month ending November 30, 2017. He charged people $7 485 for tattoos and $4 355 for piercings. His expense included $2 300 for a python snake he will use as a mascot, $450 in ink, $300 to replace needles, $50 in snake food and $ 1 850 in wages paid to part time employees. His utility bill for the month was $45, his phone bill was $72 and the rent for his building was $2000. He also paid $1 200 in advertising. Determine his profit or loss for the month.
4
Lela makes boots for Belleville Factory. she is paid on the following differential pay scale: 1-50 = $1.65 51-150= $3.30 151-200= $4.95 over 200 = $6.00 What is Lela's pay if she produced 192 boots per week on the following pay scale?
A company that makes records have a monthly cost of $7,449 to run their factory. If it costs them $2.17 to make each record and they sell each record for $5.76, determine the number of records they need to sell a month to breakeven.

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS