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Aldo's Shoes bought a shipment of 756 pairs of​ women's shoes for ​$48 per pair. The...

Aldo's Shoes bought a shipment of 756 pairs of​ women's shoes for ​$48 per pair. The store sold 107 pairs at the regular selling price of $159 per​ pair, 69 pairs at a clearance sale at a discount of 44% and the remaining pairs during an inventory sale at a price that equals cost plus overhead. The​ store's overhead is 15% of the cost.

​(a) What was the price at which the shoes were sold during the clearance​ sale?

​(b) What was the selling price during the inventory​ sale? ​

(c) What was the total profit realized on the​ shipment?

​(d) What was the average rate of markup based on the cost that was realized on the​ shipment?

Solutions

Expert Solution

A)    $ 89.04 Per Pair - Clearance Sale Price

B)   $ 55.20 Per Pair     - Inventory Sale Price

C)    $ 18,884.76     - Totla Profit realised from the shipment

D     52.04%                -   Average markup

jeff jeffy answered 2 years ago
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