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What should be the retail price per pair

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Question: The jewelry buyer wants to spend $15,000 at retail. The department main- tains a 56.7% markup. The buyer needs a minimum of 600 pairs of earrings to cover each branch with an adequate assortment.

a. What should be the retail price per pair?

b. What should be the cost per pair?

40. The home buyer has a budget of $60,000 for February receipts. The mini- mum amount of sheet sets in each store is 1,200. The departmental CMU % is 58.0%.

a. What is the retail price per sheet set?

b. What is the cost price that the buyer needs to pay for the sheet sets?

Reference no: EM133369891

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