Question 13 0 out of 4 points
How do you figure out %musp, given %muc
Selected Answer: 0 d. by using Formula 5.
Answers: a. by assuming sp = $100 and work it out.
b. by assuming cost = $100 and working it out
o. by using Formula 6.
d. by using Formula 5.
Question 19 0 out of 4 points
,7 74 You are explaining the similarities between income statement and contribution analysis to a client. % Gross Profit, calculated from an income statement, may
,j be treated as approximately equivalent to:
Question 9 4 out of 4 points
,5 7. New Concept notebook Inc. sells its pocket pc (PPC) to retailers at $50 each. The retailers add 10 %muc and sell the PPC to the consumers. NCs direct
cfw_j labor and material cost are $20 for every PPC. What is the %G of
Question 5 4 out of 4 points
:7. Macys sells 12 skirts at $ 50 each and it sells 5 more at $40 each. What is the % markdown here?
u Selected Answer: 0 d. 6.25%
Answers: a. 5%
0 d_ 6.25%
Response Feedback: %markdown=$markdown/total rev
.r 7-: Consumers buy swimming goggles at $20 per pair. The retailer sells the goggles at a 20 %musp. The
,'_'Q manufacturer adds 35 2 to its cost and sells it to the wholesaler. What is the cost of the wholesaler?
Selected Answer: 0 a. $ 16
Answers: a. $
Question 3 4 out of 4 points
ff. Which of the following statements on markdown is not correct?
j Selected Answer: a d. High % markdown is desirable in a retail context.
Answers: a. Markdown can be expressed both in dollars and in percentages.
Question 1 7 0 out of 4 points
:77. A manufacturer sells $8lunit to wholesalers who mark up by 25% on manufacturer selling price. AftenNards, the retailers mark up by 33.33% on the consumer
l ' purchase price. Here,
Selected Answer: 0 d. both wholesaler a