Jose’, store manager for SportsHaven, does not know how to price a GE freezer that cost the store $580. Jose’ knows his boss wants a 25% markup on selling price. How much should Jose’ price the freezer?
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Jose’, store manager for SportsHaven, does not know how to price a GE freezer that cost the store $580. Jose’ knows his boss wants a 25% markup on selling price. How much should Jose’ price the freezer?
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- Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $120. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim has priced the running shoes with a 60% markup percentage.Required:1. What selling price does the manager want? 2. What selling price has Kim calculated? 3. If there are 42 running shoes, how much will the store lose in sales if the price is not corrected?Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $110. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim hes priced the running shoes with a 60% markup percentage Required: 1. What selling price does the manager want? 2. Whet selling price has Kim calculated? 3. If there are 43 running shoes, how much will the store lose in sales if the price is not corected?At Bed Bath and Beyond, the manager, Jill Roe, knows her customers will pay no more than $300 for a bedspread, Jill wants a 35% markup on selling price. What is the most that Jill can pay for a bedspread? Maximum amount
- Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $170. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim has priced the running shoes with a 60% markup percentage. Required: 1 What selling price does the manager want? 2. What selling price has Kim calculated? Selling price 4 3. If there are 37 running shoes, how much will the store lose in sales if the price is not corrected? Loss in salesXia-Ming is considering the expansion of her picture-framing camera business to include the printing of oversize pictures from CDs. She would need to lease equipment, at a cost of $66 per month. To process the pictures, she estimates that she would have supplies expenses of $4 per picture. Xia-Ming estimates that she can sell 60 pictures per month. (a) What price should she charge to break even? (b) Compute the break-even point in sales dollars. The picture frames should be sold for $ to break even. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Ask my instructor по C U MB 1 100 U Clear all Check answer TUF GAMING JYSKO PRISCA local pizza shop owner decides to hire an economic consultant to help him set his prices. Currently, one slice of pizza costs $2 and the store sells about 800 slices per week. The pizza shop's current revenue from sales is equal to $____. The economic consultant estimates that the price elasticity of demand is equal to -0.25, and suggests that the shop owner should increase the price of a slice of pizza by $0.50; that is, the consultant recommends increasing the price of pizza by ____%. The consultant claims that doing so would (a. Increase b. Decrease or C.have no effect on)_____ the number of slices sold by ____% or ____ slices. As a result, the economist predicts that the new revenue would be ____ Thus as a result of the increase in the price there is ____ in revenue. This is due to the fact that the pizza shop owner was operating on the ____ portion of the demand curve. (fill in the blanks)
- Teresa's taco truck currently sells 2,500 tacos per day, for $6 each. Teresa estimates that, for each $1 she Increases the price of a taco, she will sell 300 less tacos per day (fewer people will want to buy if the price Increases). 1. How much money does Teresa currently make (total) per day? 2. How much revenue would she make If she Increased the price of a taco to $7 and she sold 300 fewer tacos? 3. Find a function that glves the quantity sold in terms of the price. (Hint, find two points and then find the linear equation between them.) 4. Find a function that models Teresa's revenue per day in terms of the price of a taco. (Hint: Revenue=quantity times price.) 5. Find the taco price and total revenue that maximizes revenue per day from taco sales. Round your answer(s) to the nearest cent.8. Maria, store manager for SportsHaven, does not know how to price a garden tractor that cost the store $349. Maria knows her boss wants a 45% markup on cost. Can you help Maria price the garden tractor? (Round your answer to the nearest cent.)Franiuk Hotdogs and Grill normally sells hotdogs for $2.00 but also t-shirts with the name of the business and its logo prominently displayed for $10. The t-shirts haven't been selling that well lately, so Franiuk has decided to sell a combination of the t-shirt for $10 with a free hotdog. Donovan buys the combination of the t-shirt and the hotdog for $10 in cash. How should Franiuk account for the transaction? O Franiuk should recognize $10 revenue, comprised of $10 for the t-shirt, $2 for the hotdog, and $2 as a liability. Franiuk should recognize $12 revenue, comprised of $10 for the t-shirt, $2 for the hotdog, and $2 for discount expense. O Franiuk should recognize $10 revenue, comprised of $8.33 for the t-shirt, $1.67 for the hotdog. O Franiuk should recognize $10 revenue, comprised of $10 for the t-shirt, $0 for the hotdog.
- Remy is trying to decide if he should rent or buy. He is considering moving from his city in the next two years. He has about 15% saved for a down payment. Remy would like to start building equity, but the houses in the market in his budget are not what he likes. The apartments in his budget are things he liked with very nice amenities. Remy has asked for your help with his issue. Given this information, what do you think he should do rent or buy? Why?In response to customer complaints about rising prices of food items, a supermarket responds by making the following offer: For every $10 of purchase, the customers will earn $1 worth of coupons and this way they will end up making twice as much as the supermarket. If the supermarket makes $500 worth of total sales to all customers taken together, how much will it need to restrict its costs to so as to honour the offer?A bakery shop sells a cake. The case must be baked at the beginning of the day. Each unit of cake costs $28 and can be sold for $59. The shop will donate any unsold units for charity. The owner of the shop too many shortages is not desirable. She assumes that there is a penalty cost of $11 for each unit of shortage. Suppose the shop bakes 71 units of cakes at the beginning of the day (before the shop is open). The demand for the cakes turns out to be 62 units. What is the profit for the day? Please show calculation in details