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1. A retailer prices her goods to cover operating expenses at 30% of cost and to generate a profit of 20% of cost. For an item she buys from her wholesaler at $49, determine:
a. Its selling price.
b. The rate of markup on cost
c. The rate of markup on selling price
3. Morgan's Department Store mailed out 15%-off coupons for its 20th Anniversary Sale. The coupons may be used for any products in the store. For items already on sale, the coupon applies to the sale price.
a. What price would a coupon-holder pay for a bedspread (regular price $295) already on sale at 20% off?
b. What single rate of markdown would have the same effect as the two price reductions?
4. United Furniture buys reclining rocking chairs at $550 less 40% and 10%. The price is marked up to allow for overhead of 50% of cost and profit of 35% of cost. The unit on display in the store acquired a stain. What rate of markdown from the regular price can the store offer on the display unit if it is to recover only half of the unit overhead costs?
Franchising is a very popular form of business ownership. Research one of the following franchises: Subway, Dunkin Donuts, Mac Donald's, Jiffy lube.
a) Calculate the optimal operating doctrine under the assumption that no stockouts are allowed and also that units can be backordered at the cost indicated above. b) What is the TL loss per year caused by the no-stockout policy if the sales depar..
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Assist the executive from your chosen country in adjusting and communicating well with the female manager from India. You may include areas as simple as basic etiquette in that culture to more sophisticated elements of business communication and bu..
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