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Chapter 18: Read p. 477-480 and answer the following questions 2, A pair of socks...

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Accounting

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Chapter 18: Read p. 477-480 and answer the following questions 2, A pair of socks is sold for $2.50. The retailer added $.50 to the original cost. What was the cost of the socks to the retailer? (S) A retailer marks up all products by 75 percent. If the cost of a box of chocolates is $4, what is its selling price? (based on markup on selling price - S) 3. 4. If a retailer wanted to mark-up their product by 50% (assuming S72), what would be the selling price of its product? (based on markup cost- s) Chapter 18: p. 484-485. From the following break-even chart, answer the following questions: Line C Cos Revenue (in dollars) Line B Line A Sales (Units) efine the following items on the above chart: Line A Line C Area E Line B Point E total fixed costs are S20,000, the selling price is $12, and the variable cost (per unit) is $7, at is the BEP (in units)

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