terry's tees has their new seasons' invventory coming in and they need to clear out thier old stock. There's not much left, but they want to at least cover their costs. The shirt's full price was 35%. Terry's tees has always offered free shipping so that $35.00 included the $15 shipping & handling fee. Generally, they sell at a gross margin of 75%. What sale price should they sell their tees at to cover their costs?
terry's tees has their new seasons' invventory coming in and they need to clear out thier old stock. There's not much left, but they want to at least cover their costs. The shirt's full price was 35%. Terry's tees has always offered free shipping so that $35.00 included the $15 shipping & handling fee. Generally, they sell at a gross margin of 75%. What sale price should they sell their tees at to cover their costs?
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
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terry's tees has their new seasons' invventory coming in and they need to clear out thier old stock. There's not much left, but they want to at least cover their costs. The shirt's full price was 35%. Terry's tees has always offered free shipping so that $35.00 included the $15 shipping & handling fee. Generally, they sell at a gross margin of 75%. What sale price should they sell their tees at to cover their costs?
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