Question

The children’s buyer needs to average a 51% markup. He needs to purchase 300 dresses that...

The children’s buyer needs to average a 51% markup. He needs to purchase 300 dresses that will retail for $28,200 total. He has already placed an order for 148 dresses at $42.00 each (cost) that will retail for $90.00 each. What is the most that he can pay of each of the remaining dresses in order to obtain the 51% markup? Round to 2 decimal points.

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A buyer plans to purchase 120 handbags for a special promotion. The handbags will retail for...
A buyer plans to purchase 120 handbags for a special promotion. The handbags will retail for $39.00 each. She has already placed an order for 82 handbags at $20.00 each. What is the most she can pay for each remaining handbag if she is to achieve the department’s markup goal of 68.0%? The buyer already placed the order for 82 handbags with a cost of $20.00 and a retail price of $39.00. This was the buyer's first issue. Without considering...
A buyer plans to purchase 120 handbags for a special promotion. The handbags will retail for...
A buyer plans to purchase 120 handbags for a special promotion. The handbags will retail for $39.00 each. She has already placed an order for 82 handbags at $20.00 each. What is the most she can pay for each remaining handbag if she is to achieve the department’s markup goal of 68.0%?
A buyer needs 150 blouses to retail at $15 each and 80 shirts to retail at...
A buyer needs 150 blouses to retail at $15 each and 80 shirts to retail at $20 each. She needs to average a 50.5% markup. If she pays $7 for each blouse, how much can she pay for each shirt in order to achieve the planned markup percent?
AMD 376 Merchandise Planning and Control Instructions :Please write down all calculation procedures used to come...
AMD 376 Merchandise Planning and Control Instructions :Please write down all calculation procedures used to come up with the final answer on a separate sheet of paper. Please circle or highlight your final answer. Missing calculations and not rounding to TWO decimal places (where applicable) will result in zero points. Each question is worth 5 points. 1.A buyer was shopping for women’s blouses and selected a group priced at $175.00 per dozen. Merchandising considerations dictated a markup of 58.5%.Calculate the...
Case Study: Monica’s Handbags Monica, after completing an internship with a national apparel company, decided that...
Case Study: Monica’s Handbags Monica, after completing an internship with a national apparel company, decided that she wanted to exercise her creative design talents and her strong entrepreneurial spirit by starting her own fashion business. She conducted fundamental market research and determined that there is an unfulfilled market need for the moderate fashion handbags that she had designed at the $100 retail price point. She also learned that the independent women’s apparel stores she was targeting require a 50% retail...
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer....
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer. ____ 2. Consumers should purchase quantities of a good to the point where MU > P. ____ 3. Voluntary exchange requires that there must be mutual gain. ____ 4. Points along a budget line represent the maximum combinations of two commodities that a consumer can afford. ____ 5. The budget line represents a consumer's preferences for a commodity. ____ 6. A change in consumer...
Fueling Indonesians: Window of Opportunity or Regret? Kerosene is widely used as cooking fuel by Indonesian...
Fueling Indonesians: Window of Opportunity or Regret? Kerosene is widely used as cooking fuel by Indonesian households, with an annual usage of 10 million Kiloliters. It is a major subsidized fuel for household cooking, where its usage is over sixty percent of the 230 million population. The subsidy program costs the government heavily, where it amounts up to U.S.$4 billion a year. As the practice tends to bleed government expenditures quite heavily, the Indonesian government is embarking on a change...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events that took place at Enron and how the situation could have been dealt with differently to prevent further damage? THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT