Reference no: EM133041230

Ducharme's Shoes bought a shipment of 210 pairs of children's shoes for $38.00 per pair. The store sold 126 pairs at the regular selling price of $131.00 per pair, 68 pairs during a clearance sale price at a discount of 43%, and the remaining pairs during an inventory sale at a price that equals cost plus overhead (i.e., a breakeven price). The stores overhead is 40% of cost.

(a) What was the price at which the shoes were sold during the clearance sale? (Do not include the $ sign in your answer.)

(b) What was the price at which the shoes were sold during the inventory sale?

(c) What was the total revenue generated by the sale of all the shoes? (Do not include the $ sign in your answer.)

(d) What were the total costs? (Do not include the $ sign in your answer.)

(e) What was the total profit realized on the shipment? (Do not include the $ sign in your answer.)

(f) What was average rate of markup based on cost that was realized on the shipment of shoes? (Correct to 3 decimal places, do not include the % sign in your answer.)