Asked by Justine
Assume that the retail price of the product is $85, the cost is $47, and the expenses are $13. Compute a new sale price using the formula for markdowns, assuming a 15 percent discount.
This is what I did, but I don't know where to incorporate the $13 expenses.
$85 retail price + $47 cost
$85 retail price – $47 cost = $38 markup / gross profit
Markdowns
$85 retail price x .15 discount = $12.75 markdown
$85 retail price – $12.75 markdown = $72.25 sale price
This is what I did, but I don't know where to incorporate the $13 expenses.
$85 retail price + $47 cost
$85 retail price – $47 cost = $38 markup / gross profit
Markdowns
$85 retail price x .15 discount = $12.75 markdown
$85 retail price – $12.75 markdown = $72.25 sale price
Answers
Answered by
Steve
all you really need is the $85 price. A 15% discount gives $72.25
No mention is made of adjusting for profit or costs.
No mention is made of adjusting for profit or costs.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.