Question

Number Select 9 Says fx 2 foong B А 12. An eye shadow compact costs $25 20, and the markup is 400% What is the retail price of the compact? с D H Costs $25 20 Mark Up Cost Retail $ 13. A buyer will purchase sweaters at a cost of $37.85, and the planned MU % for the department is 62.0% What is the minimum retail price for each sweater? What possible retail price for each sweater might be used if you were the buyer of a department store? What about an off-price retailer? Costs $37.85 Cost 0 38 14. If a graphic T-shirt costs $8.95 and the MU % is 53.4%, what is the retail price for the T-shirt? What would the pricing strategy be? Retail Pricing Strategies Dept store: Off price retailer: Retail Pricing Strategies $ Costs $8.95 Cost 0.47 Cumulative Markup Practice Problems Description Quantity Unit Cost Total Cost Unit Retal Total Retail 15. A buyer purchased 50 assorted leather briefpses that cost 570.50 each and establishes retail prices based on the style as follows . 15 Tip-top briefcases to read for 5175 each • 20 messengers to read for 150 each • 15 backpacks to read for $125 each Find the cumulative markup percentage on this purchase $79.50 579 50 579 50 5175 00 $150 00 $125.00 Zip Top 15 Messenger 20 Backpack 15 TOTAL MU S Total Retail Total Cost MUS MUS MU Stotal retals Es Penhlems

Answer 1

Ans.12. Markup refers to the margin/profit between selling price and cost price. Markup is generally a percentage of cost.

Here, cost price = $25.20

Markup = 40%

So, markup cost = 40%*$25.20

=$10.08

So, retail price = Cost price + markup

= $25.20 + $10.08

= $35.28

So,

Cost$	Mark Up cost	Retail $
$25.20	$10.08	$35.28

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