Reference no: EM132493245

Questions -

Q1. A buyer purchased hand-painted napkin rings for a special sale. The rings cost $14.40 a dozen and will retail for $2.50 each. Determine the markup percent.

Q2. The buyer in misses' sportswear plans to purchase $4,200 (retail) worth of jackets. She has purchased 60 jackets costing $26 each which she plans to retail for $50 each. What markup percent must be obtained on the balance of jackets in order to average a 46.5% markup?

Q3. A buyer for a toy store plans to purchase 350 stuffed animals for an anniversary sale. He plans to retail the stu?'ed animals $ 15 each. He has already ordered 1 14 animals at $8 each. What is the most he can pay for each remaining animal if he is to achieve the department's average markup goal of 57%?

Q4. The gift buyer purchased a group of brass items, which consisted of 10 paperweights at $8 each; 12 candlesticks at $14 each; 15 ashtrays at $12 each; and 11 bowls at $10.50 each. She plans to sell all the brass items at the same price. What unit retail price will result in a 54% markup?

Q5. A buyer plans to purchase 120 handbags for a special sale. The handbags will retail for $39 each. She has already placed an order for 82 handbags at $20 each. What is the most she can pay for each remaining handbag if she is to achieve the department's markup goal of 47%?

Q6. The owner of Josie's Sport Shop purchased 40 linen blazers that cost $45 each and 32 silk blazers that cost $58 each. She plans to retail the linen blazers for $85 each. If she is to achieve a 48.2% overall markup, what must be the average retail price for each silk blazer?