Homework (Ch 06) 1. Individual Problems 6-1 Huiying has been selling 8,000 T-shirts per $11.00, she sold only 5,000 T-shirts. Which of the following best approximates the price elasticity of demand? -30 -2.5385 -2.3077 -2.0769 Suppose Huiying's marginal cost is $3 per shirt. Before the price change, Huiying's initial price markup over marginal cost was approximately- Huiying's desired r Since Huiying's initial markup, or actual ma the price was... than her desired margin, raising the price was....

23. Mrs. Racelis, an entrepreneur, purchased 500 bags of cement at P 240 per bag If she sold 500 bags at P 35,000.Compute for the percentage of gross margin. a.45.71% b. 55.5% C.42.1% d.31.45% 24.A final price after deducting all discounts and rebates. d. Purchase price 25.It is the amount by which the retail price of a product is reduced by the manufacturer when it is sold to the a.Net sale b. Net earnings c. Net price reseller or customer. a. Trade discount c. Net price d. Net earnings Retail Price 26.This will be obtained by dividing the trade discount to selling price. .Trade discount b. Discount rate c. Net earnings d. Net price 27. These are given to customers in order to encourage them to purchase in volume. It is also effective in promoting seasonal items and to entice new set of customers. a. List price b. Discount series c. Discount d. Trade discount 28. An item worth 10,000 is now selling with discount. Of the following discount series, which has a greater discount? d. 15%,…

The New York Times sells a weekly magazine which advertises local second-hand goods. The owner can buy the magazine for 15 cents each and sell them at the retail price of 25 cents. At the end of each week unsold magazines are obsolete and have no value.The owner estimates a probability distribution for weekly demand which looks like this:Weekly demand in units       Probability10                                             0.2015                                             0.5520                                             0.25                                                  1.00(i) What is the EV of demand? (ii) If the owner is to order a fixed quantity of magazines per week how many should that be? Assume no seasonal variations in demand.

1 A clothing store buys sweaters for $48.00 less 47% for buying over 50 pairs, and less a further 11% for buying last season's style. The sweaters are then marked up to cover overhead expenses of 1 40% of cost and a profit of 29-% of cost. 4 (a) What is the regular selling price of the sweaters? (b) What is the maximum amount of markdown to break even? (c) What is the rate of markdown if the sweaters are sold at the break-even price? (a) The selling price is $38.20 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.). (b) The amount of the markdown to break even is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

A woman’s store sells the following categories of clothing or the following prices : Blouse :GH 14 Skirt:GH 16 Dress:GH 25 Pantyhose:GH 2 pair for GH3 Socks :GH 7 A lady goes to the store on a day when the store has 20% off sale on all skirts.If Yaa buys 2 skirts,1 dress ,and 4 pairs of pantyhose,How much money does lady have to pay ?

Homeward Hardware buys cat litter for $6 less 20% per baq. The store's overhead is 45% of cost and the owner requires profit of 20% of cost. 1. For how much should the bags be sold? 2. What is the amount of markup included in the selling price? 3. What is the rate of markup based on selling price? 4. What is the rate of markup based on cost? 5. What is the break-even price? 6. What operating profit or loss is made if a bag is sold for $6?

9. En Vogue Boutique sells blouses for $26.21. If the cost per blouse is $11.21, what is the amount of the markup? Round off answer to the nearest centavo. 10. A gallon of dishwashing liquid was priced with a markup of $1.6. If this is 76% markup based on the selling price, how much is the cost of the dishwashing liquid?

Homoward Hardware buys cat liter for $6 less 20% per bag. The store's overhead is 45% of cost and the owner requires a profit of 20% of cost (a) (b) (c) (d) (e) (7) For how much should the bags be sold? What is the amount of markup included in the selling price? What is the rate of markup based on selling price? What is the rate of markup based on cost? What is the break-even price? What operating profit or loss is made if a bag is sold for $7 509

Pls give solution of this question with 10 min i will give like for sure .. Try to give solution in typed form. Save the​ GST" is a popular advertising gimmick. If the GST is 5​% of the price of the​ product, how much would you save off of the list price on the purchase of a​ T-shirt with a list price of ​$26.77 in a store during the​ "Save the​ GST" promotion?

Question 14 The Cook's Paradise paid $67 for a kitchen knife set. Expenses are 15% of cost and the profit is 17% of cost. Round the answers to the nearest cent if necessary. 1) What is the regular selling price? 2) To help clear inventory, the knife set was sold at break-even during a sale. What is the break-even selling price? > Next Question