The buyer for men’s shirts has a price point of $45 and requires a markup of...
The buyer for men’s shirts has a price point of $45 and requires a markup of 45 percent. What would be the highest price he should pay for a shirt to sell at this price point?
Homework Answers
Price point is the retail price which is used in order to make the price competitive with other products
Therefore, the price inclusive of mark up will be $45
Therefore, the highest price that the buyer can pay will be as follows:
$45/145*100
=$31.03
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The buyer for men’s shirts has a price point of $45 and
requires a markup of...
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Question 42
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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).
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Question 42
b. The cost price per pair of shöes the buyer will leeu to pay 644.92 42. The sportswear buyer wants to spend $84,000 at retail. Orders for $18,000, at cost, have already been placed. If the planned markup percentage to be achieved is 52.0%, how much, in dollars, does the buyer have left to spend at retail? For a monthly T-shirt buy, you will be spending $22,560 at retail. Orders for $7,980 at cost have been placed. The...
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The graph above represents the market for T-shirts in Country X,
a small country. Assume that there is free trade with the rest of
the world (and no transportation costs) and that the world price of
a T-shirt is $5.
Instead of using an import quota or tariff to protect the
domestic T-shirt industry, Country X’s government gets the ROW’s
government to agree to a voluntary export restraint (VER) that
restricts exports to 6,000 T-shirts. The ROW’s government auctions
off...
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