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Markups and Markdowns: Perishables and Breakeven Analysis

. Calculate dollar markup and percent markup on costCalculate selling price when you know cost and percent markup on costCalculate cost when dollar markup at percent markup on cost are knownCalculate cost when you know the selling price and percent markup on cost. Markups and Markdowns; Perishabl

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Markups and Markdowns: Perishables and Breakeven Analysis

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    1. Chapter 8 Markups and Markdowns: Perishables and Breakeven Analysis

    6. Terminology

    7. Basic Selling Price Formula

    8. Markups Based on Cost (100%)

    9. Calculating Dollar Markup and Percent Markup on Cost Target buys Levi’s Jeans for $18. They plans to sell them for $23. What is Target’s markup? What is his percent markup on cost?

    10. Calculating Selling Price When You Know Cost and Percent Markup on Cost Ray’s Appliances bought a refrigerator for $100. To make desired profit, he needs a 65% markup on cost. What is Ray’s dollar markup? What is his selling price?

    11. Calculating Cost When You Know Selling Price and Percent Markup on Cost Jane’s imported flower business sells floral arrangements for $50. To make her desired profit, Jane needs a 40% markup on cost. What do the flower arrangements cost Jane? What is the dollar markup?

    12. Markups Based on Selling Price (100%)

    13. Calculating Dollar Markup and Percent Markup on Selling Price Target buys Levi’s Jeans for $18. They plans to sell them for $23. What is Target’s markup? What is his percent markup on selling price?

    14. Calculating Selling Price When You Know Cost and Percent Markup on Selling Price Ray’s Appliances bought a refrigerator for $100. To make desired profit, he needs a 65% markup on selling price. What is Ray’s selling price and dollar markup?

    15. Calculating Cost When You Know Selling Price and and Percent Markup on Selling Price Jane’s imported flower business sells floral arrangements for $50. To make her desired profit, Jane needs a 40% markup on selling price. What is the dollar markup? What do the flower arrangements cost Jane?

    16. Conversion

    17. Equivalent Markup

    18. Markdowns

    19. Pricing Perishable Items Alvin’s vegetable stand grew 300 pounds of tomatoes. He expects 5% of the tomatoes to become spoiled and not salable. The tomatoes cost Alvin $.14 per pound and he wants a 60% markup on cost. What price per pound should Alvin charge for the tomatoes?

    20. Terminology

    21. Calculating a Contribution Margin (CM) Assume Jones Company produces pens that have a selling price (S) of $2 and a variable cost (VC) of $.80. Calculate the contribution margin

    22. Calculating a Breakeven Point (BE) Jones Company produces pens. The company has fixed cost (FC) of $60,000. Each pen sells for $2.00 with a variable cost (VC) of $.80 per pen.

    23. Problem 8-19:

    24. Problem 8-21:

    25. Problem 8-24:

    26. Problem 8-25:

    27. Problem 8-29:

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