Help me these 3 questions, Please! 1. Leo Manufacturing produces high-quality fashion products for babies...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Help me these 3 questions, Please!
1. Leo Manufacturing produces high-quality fashion products for babies and toddlers. Leo employs a selective distribution policy using retailers who apply a 70% markup. Leos wholesalers generally apply a 40% markup to these products. Leos cost to produce a stylish outfit is $20. If Leo applies a 20% markup, what is the retail selling price for the stylish outfit?
2. JJAC/DOC Manufacturing produces high-quality soccer balls at a cost of $19.20 each, and sells them with a 50 percent markup to a wholesaler. The wholesaler than applies a 20 percent markup. A retailer then uses a 60 percent markup. The final retail selling price is:
3. Luke Steven is a wholesaler who pays the manufacturer $900 for a complicated new musical instrument. Luke applies a 20% markup to the instrument that he sells to the retail establishment, New Music Sound Emporium. He believes the retailer will add a 40% markup. If the manufacturer added a 30% markup, what was the manufacturers cost and the final retail selling price?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
