Homework Answers
Ans:
Total Budget=$60,000
No of Sheet sets=1200
Retail Price= Margin per Unit* Cost + Cost
a.Retail Price Per Sheet set=$60,000/1200=$50
b.Cost price that the buyer needs to pay for the sheet sets=Cost price=Margin per unit*cost+cost
Margin =58%
So It is equals to $50=1.58*cost
=$50/1.58=$31.646=$31.65 (if Rounded off)
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the markup for the entire purchase be based on the regular retail
price? (Note: You need to calculate the total cost and total retail
for both purchases in order to solve for the markup)
Does both purchases mean the original order and the special
order?
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