Question 3: The shops branch out into record players. You are trying to determine theprofit-maximising price for a turntable. Each turntable costs £150 to purchase from thesupplier and currently you are charging £220, selling 200 a year. The PED for turntables is -3.What price should you charge?

The objective of the question is to determine the profit-maximizing price for a turntable given the…

Answered: Question 3: The shops branch out into…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Suppose that 2 years ago you bought an old record player at a yard sale for $5.99. You saw today on E-bay that the same record player is selling for $53.63. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent. Round to 2 decimal places.
Solve what is asked and show detailed solutions. 1. A watch store owner dcided to offer 20% discount for a particular brand of watch that sells at P35,000.00. By doing so, his average sales increased from 5 watcher to 12 watches a day. if he bought one watch at a price of P22,000.00 fom the supplier, bw how much was his daily profit increased or decreased by offering such discount on watch?
Question; Use a calculator to determine the exact sale price of the speakers in #1 The speakers cost $59.89 and there on sale for 15% off Can someone please tell me what to do in the question? Or even just give me an example with different numbers
Calculating Price Using a Markup Percentage of Cost Lake McDonald Gift Shop has decided to price the games that it sells at cost plus 70%. The National Parks Memory Card Game costs $15.00 each, and another one, the Guess This Animal Track Game, costs $2.00 each. Required: 1. What price will Lake McDonald Gift Shop charge for each National Parks Memory Card Game? If required, round your answer to two decimal places.$fill in the blank 1 2. What price will Lake McDonald Gift Shop charge for each Guess This Animal Track Game? If required, round your answer to two decimal places.
1.An electronic toothbrush was bought for RM200. If the dealer wants 30% markup based on selling price, find the selling price and the gross profit. 2. The net price of a smart TV with a 15% trade discount is RM4,675. Find the list price.
# You can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%, Company B for $2,900 with a trade discount of 20% and 10%, or Company C for $3,450 with a trade discount of 20%, 15%, 5%. Which company has the lowest net price?
A customer just paid $316 for a Blu-ray player. If the cost was 60% of selling price what was the mark up amount?
You are to following: (c) The results for the of trading. TUTORIAL TOPIC 2 1. Calculate: (b) The value of sales at break-even. annum? (d) What level of sales will achieve a profit of £40,000 per annun Michael Morris decides to set up a business as a television retailer. Having considered the matter carefully Michael comes to talk to you about this. He has worked out most of the figures but he is uncertain about how profitable the business will be. Michael wants to give himself plenty of time to sort things out and he is not planning to start trading until the 1st July 2019 He has arranged to lease some purpose-built premises for five years from his aunt for £25,000. The £25,000 will be paid the day he starts in business. The cost of this payment will be written off over the five years of the lease on a straight line basis. An initial stock of 50 televisions will be purchased. As the televisions are sold off thev will be replaced by purchase of new stock. It is estimated that sales on a…
Find the selling price of a DVD set which costs Rs. 2031 and the markup is 30% on cost. What is the amount of profit per set?
You own a movie theater. The theater generates $100,000 per year in net income. This is expected to grow at 2% per year. Someone offers to buy the theater from you. How much should you charge as the selling price of the theater? Explain in word form too please to help justify answer!
5. Profit obtained by selling a flash drive at Php 320 is equal to 7/5th of the profit obtained by selling the same flash drive at Php 300. What is the cost price of the watch?

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