Question

The buyer needs a group of T-shirts for a special sale. He buys 40 dozen at $84/dozen, 20 dozen at $96/ dozen, and 15 dozen at $120/dozen. If he marks them all at a sale price of $18.00 each, what markup percent is realized on the merchandise?

137

likes

685 views

Answer to a math question The buyer needs a group of T-shirts for a special sale. He buys 40 dozen at $84/dozen, 20 dozen at $96/ dozen, and 15 dozen at $120/dozen. If he marks them all at a sale price of $18.00 each, what markup percent is realized on the merchandise?

$Expert avatar$

Santino

4.5

112 Answers

The buyer needs a group of T-shirts for a special sale. He buys 40 dozen at $84/dozen, 20 dozen at $96/ dozen, and 15 dozen at $120/dozen. If he marks them all at a sale price of $18.00 each, what markup percent is realized on the merchandise? To find the markup percent, we need to calculate the total cost of purchasing the T-shirts and compare it to the total revenue from selling them. Let's start by calculating the total cost of purchasing the T-shirts. The buyer buys 40 dozen at $84/dozen, which is a total cost of: $84/dozen * 40 dozen = $3360 Then, the buyer buys 20 dozen at $96/dozen, which is a total cost of: $96/dozen * 20 dozen = $1920 Finally, the buyer buys 15 dozen at $120/dozen, which is a total cost of: $120/dozen * 15 dozen = $1800 Now, let's calculate the total cost: Total Cost = $3360 + $1920 + $1800 = $7080 Next, let's calculate the total revenue from selling the T-shirts. The buyer marks all the T-shirts at a sale price of $18.00 each. To find the total revenue, we need to multiply the sale price by the total number of T-shirts. There are 40 dozen + 20 dozen + 15 dozen = 75 dozen T-shirts. Since a dozen is equal to 12, the total number of T-shirts is: 75 dozen * 12 = 900 T-shirts Now, let's calculate the total revenue: Total Revenue = $18.00/T-shirt * 900 T-shirts = $16200 The markup is the difference between the total revenue and the total cost. Markup = Total Revenue - Total Cost Markup = $16200 - $7080 = $9120 The markup percent is calculated by dividing the markup by the total cost and then multiplying by 100. Markup Percent = (Markup / Total Cost) * 100 Now, let's calculate the markup percent: Markup Percent = ($9120 / $7080) * 100 Markup Percent = 128.81% Therefore, the markup percent realized on the merchandise is 128.81%. ∴ Answer: The markup percent realized on the merchandise is 128.81%.

Frequently asked questions (FAQs)

Math question: What is the value of log base 2 of (8 * 16) divided by log base 2 of (4 * 2)?Answer: The value of log base 2 of (8 * 16) divided by log base 2 of (4 * 2) is equal to 4.

What is the equation of an ellipse whose major axis is horizontal, center at (3, -2), minor axis length of 6, and eccentricity of 2/3? (

Math question: What is the surface area of a sphere with a radius of 4 units?

New questions in Mathematics

Use the digits of 1,9,2,3 to come up with all the numbers 98 and 95

Calculate the 6th term of PA whose 1st term is 6.5 and the ratio 5

Use the elimination to find the solution to each linear system. X+y=43 2x-y=20

(5-(4-3)*3)-(8+5))

What is the r.p.m. required to drill a 13/16" hole in mild steel if the cutting speed is 100 feet per minute?

Sean must chose a 6- digit PIN number for his online banking account.Each digit can be chosen from 0 to 9. How many different possible PIN numbers can sean chose.

To celebrate the five-year anniversary of a consultancy specializing in information technology, the administrator decided to draw 3 different qualification courses among its 10 employees. Considering that the same employee cannot be drawn more than once, the total number of different ways of drawing among employees is:

By direct proof, how can you prove that “The sum of any three consecutive even integers is always a multiple of 6”.

. What will be the osmotic pressure of a solution that was prepared at 91°F by dissolving 534 grams of aluminum hydroxide in enough water to generate 2.784 ml of solution.