Question # 3: A car dealer purchased multiple –disc CD players for $1185 each and desires...

Question

Question

Question # 3: A car dealer purchased multiple –disc CD players for $1185 each and desires...

Question # 3: A car dealer purchased multiple –disc CD players for $1185 each and desires a 40% markup (at retail). What retail price should be charged?

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Markup at retail =40%

Hence, cost =60%

Retail price = cost/60%

=1185/60%

=$1975

Hence, price charged should be $1,975

Add a comment

Answer 2

Similar Homework Help Questions

Question # 3: A car dealer purchased multiple –disc CD players for $1185 each and desires...

Question # 3: A car dealer purchased multiple –disc CD players for $1185 each and desires a 40% markup (at retail). What retail price should be charged?
8. You purchased a new car for sis,000. The dealer offers you an interest rate of 5% over years. ...

8. You purchased a new car for sis,000. The dealer offers you an interest rate of 5% over years. a) What would your monthly payment be? b) Suppose you would like to save interest by paying the loan off in 3 years. How much more a ma would you need to pay? c) What would the effective interest rate be if you paid off the car in 3 years? 9. Sketch the annual cash flow diagrams for each case in...
The table below shows a hypothetical demand and supply schedule for CD players. Price, K Quantity...

The table below shows a hypothetical demand and supply schedule for CD players. Price, K Quantity demanded, thousand/yr Quantity supplied, thousands/yr 100 10 3 120 9 4 140 8 5 160 7 6 180 6 7 200 5 8 Plot the supply and demand curves on the same diagram Find the equilibrium price and quantity Using the same data, what is the excess supply or demand When the price is K120? When the price is K200? Explain why and in...

Question 5 12 pts A used car dealer has purchased 15 cars in an auction, of...

Question 5 12 pts A used car dealer has purchased 15 cars in an auction, of which unknown to him 6 of them have faulty fuel injectors and the rest are good. If his mechanic randomly selects n=3 of these cars for inspections, find the probability that he finds more than one of his selected cars have faulty fuel injections. 0.011 None of these 0.308 0.297 0.692 Next → • Previous hp
Alabama Sounds, Inc., sells portable CD players, CDs, and batteries, which follow a normal pattem for...

Alabama Sounds, Inc., sells portable CD players, CDs, and batteries, which follow a normal pattem for sales mix of 1:3:6, respectively. The following reflects the company's costs. ALABAMA SOUNDS, INC. COMPANY VARIABLE COST DATA FOR PRODUCTS SOLD CD Players CDs Batteries Variable product costs per unit $ 62.00 s 1.20 $ 0.22 Variable selling expenses per unit 14.00 0.50 0.05 Variable general and administrative expenses per unit 0.10 0.04 0.03 ALABAMA SOUNDS, INC. COMPANY FIXED COSTS DATA FOR PRODUCTS SOLD...
Question 9: A car dealer wants to find the relationships of car prices related to 3...

Question 9: A car dealer wants to find the relationships of car prices related to 3 variables: "Year", "Mileage" and "Horsepower". Here is the Excel Output results with 30 observations: Coefficient Standard Error t-stat p-value Intercept 2501198.34 931631 2.684 0.012 Year -1205.23 462.62 -2.60 0.014 Mileage -0.850 0.23 -3.62 0.001 Horsepower 56.67 30.63 1.95 0.04 What is the 99% confidence interval for the slope of Horsepower? (a) (56.67-2.756*30.63, 56.67+2.756*30.63) (b) (56.67-2.771*30.63,56.67+2.771*30.63) (c) (56.67-2.763*30.63,56.67+2.763*30.63) (d) (56.67-2.779*30.63, 56.67+2.779*30.63)

Case study: Car dealer in VS sells on Dec 10, 2010 10 Mercedes each 100.000 €...

Case study: Car dealer in VS sells on Dec 10, 2010 10 Mercedes each 100.000 € cogs to a client in Switzerland, payment terms 360 days He calculates a Margin of 10% over cogs, ie. the sales price is 110.000 € As the client wants to pay the cars in sfr, what is the sfr price that makes sure we get the 110.000 € ? Spot rate: 1,25 Sfr interest rate: 1,5% € interest rate: 3%
3. Sam and friends operate car washing center. For each car, supplies cost $25 and wages...

3. Sam and friends operate car washing center. For each car, supplies cost $25 and wages are $45. A special room and equipment are needed at a cost of $500 per month. The car washing center maintains an average of 50 cars washed each month. What must be the price for the car washing center to break even? 4. Walmart sells a type of lawn mower for $2400 below the suggested retail price. Walmart claims that this represents a 20%...
Multiple Choice Question 115 Oriole Company sells MP3 players for $70 each. Variable costs are $20...

Multiple Choice Question 115 Oriole Company sells MP3 players for $70 each. Variable costs are $20 per unit, and fixed costs total $120000. What sales are needed by Oriole to break even? $68571. $96000. $161538. $168000.

Question 5 3 pt A buyer of men's shirts has a price point (desired retail selling price) of $79.99 and requires a m...

Question 5 3 pt A buyer of men's shirts has a price point (desired retail selling price) of $79.99 and requires a markup of 65% @ cost. When shopping various vendors, what is the highest cost the buyer should be willing to pay for these shirts to meet his price point and earn his desired markup percentage? Note: Please provide only the numerical answer; no dollar sign. For final answer round to whole number (no decimal points).

Question # 3: A car dealer purchased multiple –disc CD players for $1185 each and desires...

Homework Answers