Pricing Homework

Pricing Homework - Name Pricing Homework MAR 255 Professor...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Pricing Homework MAR 255 – Professor Biittner Show your values typed into the equation and then your answer. Label your answer with appropriate units. 1. Find the number of meals the restaurant must serve to break even. Average meal price = $35.00 Meals sold = 3,650/mo Meal variable cost = $15.50 Total fixed costs = $32,800/mo Break Even Volume = Fixed Cost / (Price/unit - Variable Cost/unit) 2. Find the number of units the discount store must sell to break even Price/unit = $1.00 for 7,500 units Fixed costs/week = $2,550 Variable cost/unit = $0.23 Break Even Volume = Fixed Cost / (Price/unit- Variable Cost/unit) 3. Find the markup % based on cost A retailer pays $3.85 for a DVD and sells it for $13.95. Markup % on cost = (price – cost) / cost 4. Find the markup % based on price. A retailer pays $3.85 for a DVD and sells it for $13.95. Markup % on price = (price – cost) / price 5. Find the price they must charge for a winter coat to achieve 35% ROS. The cost of winter coats from their suppliers is $38.50.
Background image of page 1

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

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

Pricing Homework - Name Pricing Homework MAR 255 Professor...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online