Question

106 1) A buyer purchased the following items for a costume Jewelry department. Each item will be retailed at a keystone markup plus $2.00. 107 In the table below, calculate the amounts for all yellow cells using proper formula. 108 2) What is the total markup % for all three items combined? Item Quantity 567 Cost $ Each $8.00 $6.00 $9.00 2 $ $ $ $ 785 Cost $ Total 4,536.00 4,710.00 4,194.00 13,440.00 Retail $ each 10.00 8.00 11.00 $ $ $ $ $ $ $ Retail $ Total 5,670.00 6,280,00 5,126.00 17,076.00 Markup $ Total $ (1,134.00 S (1,570,00) S 1932.00 $ (3,636.00) 466 Overall Total

Answer 1

#1567 = Keystone markup is a retail term related to pricing, when there is a goose margin of lool of cost price. That is retailer sells at price double the prior whole sale cost. = Markup – ix the difference between selling price and cost. Table: ਬਾਪ ਬਰਜ, Cockਤਮ Item Quantity cost $ each cost $ Total | Retail $ each | Retail $ Total I Markup $ Teater $8.00 $4-536.00 $18.00 $10 360.00 $ 5032.00 #2 705 $6.00 $4710.00 $14.00 $ 10990.00 $ 6200.00 #3 | 466 1 $9.00 $4194.00 $20.00 $9320.00 $5126.00 Total I $13440 T$30670.00 $17238.om for #1, cost $ each = 0.00 since each item will be retailed at Keystone markup + $2 ► selling price will be 2x8+2 =$10.00 Total retail price of #1 = 567 x 10.00 = $10360.00 = Quantity x retail price of each Markup fuo item# t = selling price of item#1 - cast of item#1 = 10368 – 4536 = $5032.00 Similarly for item #2; cost of each = $6.00 Selling price will be = Keystone markup of 6.00 +2 - $ C12 +2) = $14 for each Total retail price of item #2 = Quantity x price of each = 705 x 14 = $10990.00 markup for item #2 = 10990-4710 = $6200.00

item #3 cost of each = $9.00 selling price = 18+2 = $20 retail price = Quantity x Price of each = 466X20 = $9320.00 markup = $5126.00 © Total markup 4. = ?? for all three items Average cost of all three = $7.40. Average seu price = $16.9 tatal markup%= 16.9-7.40 x 160 = 120 7.90 or. Total markupy a sales price - unit cost.. XI unit cast = 36670–13440XICO 13440 = 1513. ". Ang