Reference no: EM132974249
1. Gerry runs a clothing store in London. He recently purchased 1200 dress shirts that had manufacturer's list price of %55 per shirt. On each shirt there was a trade discount of 20% 10% and 5% from the manufacturer. Gerry's store has operating expenses that are 20% of the selling price and rate of markup is 50% on selling price.
a. What was the cost per shirt to the store?
b. What was the total amount of discount received on the purchase of the 1200 shirts from the manufacturer?
c. What was the equivalent discount rate of the 20% 10% and 5% trade discounts?
d. He sold 400 shirts at the regular selling price
e. What was the total revenue from the 400 shirts sold?
2. Gerry decides to quit his job in retail and accepts a position as a manager of a computer manufacturing company. The company has a capacity to produce 900 monitors per month and is currently producing 700 monitors every month and selling it to a wholesaler.
The company's expenses are:
Fixed: rent $4500/monitor, labour $40/monitor and sales commissions of $14/monitor
If each monitor sells for $180, what is the break-even volume and break-even revenue per month?
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