12. a. Williams Sonoma took the following markdowns: 24 crepe pans, originally priced at $29.00 each,...

12.

Williams Sonoma took the following markdowns:

24 crepe pans, originally priced at $29.00 each, new price of $13.00 each
21 ceramic baking pans, originally priced at $50.00 each, new price of $21.00 each
29 cookbook holders, originally priced at $18.00 each, new price of $8.00 each
27 copies of their signature grilling cookbook, originally priced at $21.00 each, new price of $10.00 each

Find the total markdown taken on this merchandise.

	a.	$1615.00
	b.	$1580.00
	c.	$1609.00
	d.	$1618.00
	e.	$1559.00
	f.	None of the above.

At a furniture store's clearance center, 33 recliner chairs were sold. All 33 recliners were originally marked at $699.00 and sold at the clearance price of $289.00. Find the total markdown dollars taken.

	a.	$13571.00
	b.	$13549.00
	c.	$13565.00
	d.	$13530.00
	e.	$13559.00
	f.	None of the above.

A buyer of women's jewelry purchased a line of earrings to retail at $51.50 each. The manufacturer has offered these earrings to the retailer at a cost of $9.00 each. Determine the markup percentage.

	a.	80.62427184%
	b.	84.72427184%
	c.	82.52427184%
	d.	84.12427184%
	e.	80.22427184%
	f.	None of the above.

Solutions

Expert Solution

12
a	Total Markdown taken on the merchandise
	Items	Original price	New Price	Markdown	Units	Total Markdown
	Crepe pans	$29	$13	$16	24	$384
	Ceramic Baking pans	$50	$21	$29	21	$609
	Cookbook holders	$18	$8	$10	29	$290
	Signature grilling cookbook	$21	$10	$11	27	$297
	Total					$1,580

	b) $1580

b	Total dollar markdown taken
	Originally marked price	$699
	Clearance sale price	$289
	Markdown per chair	$410
	Chairs sold	33
	Total dollar markdown taken	$13,530	(410 x 33)

	d) $13530

c	Markup percentage
	Retail price	$51.50
	Cost to retailer	$9
	Markup dollar	$42.50	(51.50-9)
	Markup percentage	82.52427184%	(42.50/51.50 x 100)

	c) 82.52427184%

ekkarill92 answered 9 months ago

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