Question

The Petite Shop runs an ad for 25% off all accessories. The following items are sold: 15 wallets originally priced $25.00 each 8 woven belts originally priced $20.00 each 60 pairs of earrings originally priced $12.00 each a. What is the total sales volume? b. Find the total markdown dollars taken.

Answer 1

a.) Original total price of all accessories:

Accessories	Original Amount
Wallet (15*$25)	$375
woven belts (8*$20)	$160
earrings (60*$12)	$720
Total	$1,255

Actual Sales Volume

Accessories	Actual Amount
Wallet (15*$25)	$375*.75=$281.25
woven belts (8*$20)	$160*.75= $120
earrings (60*$12)	$720*.75=$ 540
Total	$941.25

Total Sales Volume is $941.25

b) Total Markdown = Actual sales-original sales

= $941.25 - $1,255

= - 313.75

Thus, total mardown dollars taken are 313.75