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While she was at the store, it purchased 797 dress shirts that were listed for $78 each less trade discounts of 12%, 5%, and 4% from FXFusion in Vancouver
While she was at the store, it purchased 797 dress shirts that were listed for $78 each less trade discounts of 12%, 5%, and 4% from FXFusion in Vancouver. The store's operating expenses are 26% of cost and markup is 53% of cost.
The store sold 481 shirts at the regular selling price. During a sale, it offered a markdown of 12% and sold another 248 shirts. It sold another 68 shirts at the break-even price.
What is the sale price per shirt?
Expert Solution
Computation of the sale price per shirt:-
Total dresses = 797
After trade discount the price is = Listed price * (1 - 12%) * (1 - 5%) * (1 - 4%)
= $78 * 88% * 95% * 96%
= $62.60
Total cost of dress = Total dresses * Price
= 797 * $62.60
= $49,891.94
Total cost including operating expenses = Total cost of dress * (1 + 26%)
= $49,891.94 * 126%
= $62,863.85
Sale price per shirt = $62,863.85 / 797
= $78.88
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