BCIS
Review Mark up pricing.docx

Review Mark up pricing.docx - Mark-up Problems For each...

Info icon This preview shows pages 1–3. Sign up to view the full content.

Mark-up Problems For each question, please show your calculations. Calculations must be neat, organized, and easy to follow. No credit will be given for answers without evidence of calculations. Problem set 1 Please show your calculations for each of the problems. No credit will be given for answers without calculations. (2 points) A local grocery store buys ketchup for $3.25 a bottle. The grocer desires a return on sales of 15 percent. What is the retail price of a bottle of ketchup? (2 points) A local drugstore store marks up a bottle of shampoo 25%. The retail price of a bottle of shampoo is $4.50. What is the cost the drugstore store paid for the bottle of shampoo to the manufacturer? (3 points) A pet store pays $14 for a bag of dog food. It sells the bag of dog food at a retail price of $20. What is the return on sales for the dog food? (2 points) A shoe store uses keystone markup pricing. It pays $35 for a pair of shoes. What is the retail price of the shoes?
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Problem set 2 For each question, please show your calculations. Calculations must be neat, organized, and easy to follow. No credit will be given for answers without evidence of calculations. (2 points) A flat screen TV is purchased at a cost of $825 from the manufacturer. The store desires a return on sales of 35 percent. What is the retail price of the flat screen TV?
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '17
  • Steven Gauna

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern