Question

The Vandal shop sells U of Idaho logo goods. At the end of the year it has the following purchases at retail and cost. What is the cumulative markup for the Vandal Shop?

Item                                                                                         Total Retail                            Total Cost                        

Sweat shirts                                                                             $255,667.                                $127,600.                        

Sweat pants                                                                                 98,765.                                   46,971.                        

T-shirts                                                                                      134,877.                                    82,543.                        

Shorts                                                                                            2,456.                                      8,995.              

Hats                                                                                               77,653.                                    42,709.                     

Total                                                                                                                                         

		50.1%
		33.3%
		47.6%
		48.9%
		None of the above

Answer 1

Sol Information give Particulars Sweat shirts Sweat pants T-shirts Shorts Hats Total Retail Total Cost $ 2,55,667 $ 1,27,600 $ 98,765 $ 46,971 $ 1,34,877 $ 82,543 $ 2,456 $ 8,995 $ 77,653 $ 42,709 Formula to calculate cumulative markup Cumulative Markup = Total retail-Total Cost Total Cost Calculation of Total Retail and Total Cost Particulars Sweat shirts Sweat pants T-shirts Shorts Hats Total Total Retail Total Cost $ 2,55,667 $ 1,27,600 $ 98,765 $ 46,971 $ 1,34,877 $ 82,543 $ 2,456 $ 8,995 $ 77,653 $ 42,709 $ 5,69,418 $ 3,08,818

Cumulative Markup 11 569418-308818 308818 X 100 260600 Cumulative Markup X 100 308818 Cumulative Markup 84.39% The above value is not there in options given options, hence the options is "None of the above"