In: Finance
1) London Drugs is selling the new macbook pro for a selling price of $1015.93 with markdowns of 40% and 20%. Future shop is selling the same macbook pro for a selling price of $1839.94 with a markdown of 25%. What additional discount should you ask for from the more expensive shop
2) A clothing store purchases a shirt for $16.17 and applies a markup of 23% of their desired selling price. For what amount should the store list the shirt if it wants to offer a 34% discount without reducing its markup? Enter your answer rounded to 2 decimal places.
3) Find the profit earned from selling 81 units:
TR = 11x, TC = 93x + 88
4)A company has a profit function given by:
Profit = 63.8x - 9706,
where x represents the number of units being sold. How many units must be sold for the company to break even?
5)A company has a profit function given by:
Profit = CMx - 8210,
where x represents the number of units being sold and CM is the contribution margin. The company breaks even after selling 5839 units. What is the contribution margin?