Use two decimal places (round up) for all the calculations. Markdown MD 9) A ret

Question

Use two decimal places (round up) for all the calculations. Markdown MD 9) A retail store plans a series of permanent markdownas it approach the end of the selling season. The first permanent markdown will be 25% price off during three weeks. The second permanent markdown will be offered (35%) during the following two weeks. At last, 45% markdown will be used until the season ends. Calculate the promotional price for each markdown. The first price of the merchandise is $45 (MU: 55%). 6) A jacket has a markup of $22.00 and the cost is $18. ) What is the retail selling price? (2pts) ii) What are the MU% and Cost%? (3pts) Promotional price for the first MD (2pts) i Promotional price for the second MD (2pts) 7) The markup is 46.5%, which is equal to $78.00. i) What is the retail price? (2pts) ii) Promotional price for the third MD (2pts'extra) ii) What is the cost price? (2pts) 8) A retailer selling exclusive print shirts will offer the premium price with 15% AMU during the first two weeks of a selling season. The first price of the item is $120 and the IMU (initial Markup) is 60%. Calculate the premium price (3pts)

Explanation / Answer

1. Retail selling price = markup + cost = 22+18= 40$

Markup? = 22/40*100= 55?

Cost ? = 18/40= 45?

2. Mark up = 46.5? = 78$

Cost = (78/0.465)*0.535= 89.74$

Selling price = 78+89.74= 167.74$

3. Additional Mark up = 0.15*120= 18$

The premium price = 120+18= 138$

4.

First price after Mark down= 45*0.75= 33.75$

2nd markdown= 45*0. 65= 29.25$

3rd Mark down = 45*0.55= 24.75$

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