Reference no: EM132542832

Net $Markdown ($NMD)

Question 1) After a sale, the buyer received the following information:

• The number of items available for the sale was 20.
• The number of items that remained after the sale was 7.
• The original retail price per item was $15.50.
• The markdown retail price per item was $10.50.
• The remaining items are returned to the original retail price.

What is the $NMD for this sale?

Question 2) The Blues Company opened a new branch store and ran an ad in the local paper for a 2 for 1 sale. In essence, 34 scarves which regularly sold for $38.00 each would now sell for $19.00 each. After the promotion, 16 scarves remained and were returned to their original retail price. What was the $NMD for the promotion?

Question 3) After a sale, the accessories department buyer received the following transaction records from the sale.

ITEM           # units marked down         # units sold during the sale           Original Retail Price per unit     Reduced Retail Price per unit

A                             20                          14                                               $35                                         $24.00

B                               14                            5                                              $70                                        $50.00

C                                 19                             8                                           $25                                          $22.50

What was the department's $NMD for this sale?