In: Accounting
1. Maggie’s Florist buys roses for $25 a dozen from the grower. Maggie has a desired return on sales of 35 percent on the sale of a dozen roses. What is the retail price of a dozen roses?
2.A local clothing store marks up shirts 25%. The retail price of a shirt is $55. What is the cost the clothing store paid for the shirt to the manufacturer?
3.A local women’s shoe store pays $35 for a pair of shoes. It sells the shoes at a retail price of $60. What is the return on sales for the shoes?
4.A local grocer uses keystoning markup pricing. It pays 75 cents for each apple. What is the retail price of the apple? (Please show your calculation)