Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

The buyer purchased 48 lounge pants to be priced at $39. There were already 10 pair of lounge pants in stock but they were repriced from $34 to $39 for consistency. All of the lounge pants sold. (a) What was the additional markup percent earned on the lounge pants already in inventory? (b) What was the total net sales on all pants during the event?

Sagot :

Solution

Question A:

- The lounge pants already in stock are 10.

- The price of the pants was moved from $34 to $39. Thus, the markup percent is:

[tex]\begin{gathered} \frac{39-34}{34}\times100\% \\ \\ =\frac{5}{34}\times100\% \\ \\ =14.70588\% \end{gathered}[/tex]

We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.