Question

In: Finance

What is the cumulative markup percent for this retailer?

You have the following purchases by item

Item                                  Total Retail             Total Cost

T-Shirts                        956                          398

Caps                              456               219

Scarfs                     195                  100

Flags                       270                 200

Mugs                             211                     100

What is the cumulative markup percent for this retailer?

Solutions

Expert Solution

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

What is the percentage markup on a proposal as a percent if the fixed bid price...
What is the percentage markup on a proposal as a percent if the fixed bid price offered is 552,000 and the sum of direct cost is 480,000? The calendar day duration of a project is planned for 19 days based on a Monday through Friday work week. How many work days were available in this period if the start of the project was on the last Monday in July 2020? What is the forecasted total project cost if the reported...
State whether a cumulative frequency, relative frequency, relative percent, cumulative relative frequency, or cumulative percent is...
State whether a cumulative frequency, relative frequency, relative percent, cumulative relative frequency, or cumulative percent is most appropriate for describing the following situations. For cumulative distributions, indicate whether these should be summarized from the top down or from bottom up. a. The number of symptoms of stress (ranging between 0 and 12 symptoms) experienced by 180 war veterans. b. The number of calories in school lunches in a sample of 32 local middle schools. c. The number of hours of...
State whether a cumulative frequency, relative frequency, relative percent, cumulative relative frequency, or cumulative percent is...
State whether a cumulative frequency, relative frequency, relative percent, cumulative relative frequency, or cumulative percent is most appropriate for describing the following situations. For cumulative distributions, indicate whether these should be summarized from the top down or from bottom up. a. The frequency of business with at least 20 employees. b. The frequency of college students with less than a 3.0 GPA. c. The percentage of women completing 1, 2, 3, or 4 tasks simultaneously. d. The proportion of pregnancies...
Describe "price, percent markup, forecasted profits" for iPhone 8.
Describe "price, percent markup, forecasted profits" for iPhone 8.
1. A department’s maintained markup is 38 percent, reductions are $560, and net sales are $28,000....
1. A department’s maintained markup is 38 percent, reductions are $560, and net sales are $28,000. What’s the initial markup percentage? 2. Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater than maintained markup. 3. The cost of a product is $150, markup is 50 percent, and markdown is 30 percent. What’s the final selling price? 4....
1. A department’s maintained markup is 38 percent, reductions are $560, and net sales are $28,000....
1. A department’s maintained markup is 38 percent, reductions are $560, and net sales are $28,000. What’s the initial markup percentage? 2. Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater than maintained markup. 3. The cost of a product is $150, markup is 50 percent, and markdown is 30 percent. What’s the final selling price? 4....
What is a cumulative probability?
What is a cumulative probability? Please Give details explanation.
Describe what causes the differences in markup. What product category in a meat department tends to...
Describe what causes the differences in markup. What product category in a meat department tends to have the highest markups and profit? Explain why this is the case?
What is a [cumulative] distribution function and what does it describe?
What is a [cumulative] distribution function and what does it describe?
1- What is your favorite retailer? 2- What type of retailer is it, and what specific kind within that type
  DQ1 – Retail Tales   1- What is your favorite retailer? 2- What type of retailer is it, and what specific kind within that type (check Chapter 2 for specifics on this one!)? 3- Why do you like this retailer? 4- Who are the 3 biggest competitors for your favorite retailer? 5- What specifically would one of those competitors have to do to get you to shop there instead? You do need to come up with a specific and...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT