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Math Help - Help on Math & Merchandising

  1. #1
    Junior Member
    Joined
    Oct 2007
    Posts
    48

    Question Help on Math & Merchandising

    Hi All,

    Can you please help on these questions? I have solved them but just want to know if the answers r correct..

    It's urgent ..

    Q1:A photo machine operator purchased 20 packets of papers. The market price of a packet is Rs.144. He gets a discount of 17.5% and an additional 5% for cash. How much did he pay for the whole quantity?

    Answer:
    Price: 20*144=2880
    Discount: 17.5+5 = 22.5
    Price : 2880*(1-22.5) = 2232
    Does it correct? or should i use the discounts as series discount?
    ----------------

    Q2: The price of a laptop is RS.62,000.The series discounts are
    15%, 18% & 5%. Find the net price.

    Answer:

    Net Price : 62000*(1-15/100)*(1-18/100)*(1-5/100) = 41053.30
    Does it the net price or Discount? I want net price..
    -------------

    Q3: What is the percentage mark-up on sales if the cost price of the book would have been RS.153?

    Answer:
    Cost$: 153
    Sale Price$: 200
    Mark up $: 47
    Mark up %: 47/153*100 = 31
    is it correct?

    ----------------

    Q4: After a mark -up of 30% on sales, a book sells for RS.200.
    Answer:
    Price$: 200
    Markup %: 30
    Cost $ : 200*(1+30/100)=153.85$
    Does it correct?


    Thanks in Advance
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  2. #2
    Super Member

    Joined
    May 2006
    From
    Lexington, MA (USA)
    Posts
    11,689
    Thanks
    617
    Hello, cu4mail!

    Q1:A photo machine operator purchased 20 packets of papers.
    The market price of a packet is Rs.144.
    He gets a discount of 17.5% and an additional 5% for cash.
    How much did he pay for the whole quantity?

    Answer:
    Price: 20*144 = 2880
    Discount: 17.5 + 5 = 22.5 . . . . no
    Price : 2880*(1 - 0.225) = 2232
    Does it correct? or should i use the discounts as series discount?
    You should use series discounts.
    With a discount of 17.5%, you pay 82.5% of $2880: . 0.825 \times \$2880 \:=\:\$2376

    With a discount of 5%, you pay 95% of $2376: . 0.95 \times \$2376 \:=\:\boxed{\$2257.20}



    Q2: The price of a laptop is RS.62,000.
    The series discounts are: 15%, 18% and 5%.
    Find the net price.

    Answer:

    Net Price: 62000*(1 - 0.15)*(1 - 0.18)*(1 -0.05) = $41053.30 . Right!
    This is the net price.

    Q3: What is the percentage mark-up on sales
    if the cost price of the book would have been RS.153?

    Answer:
    Cost$: 153
    Sale Price$: 200
    Mark up $: 47
    Mark up %: 47/153*100 = 31 . . . . no

    The Markup is: $47

    The percent markup on sales is: . \frac{\text{Markup}}{\text{Sales}} \:=\:\frac{47}{200} \:=\:0.235 \:=\:\boxed{23.5\%}



    Q4: After a mark-up of 30% on sales, a book sells for RS.200.
    Find the cost.

    Answer:
    Price: $200
    Markup: 30%
    Cost: $200*(1 + 0.30) = $153.85 ??

    It says: . \text{Markup} \:=\:30\% \times \text{Sales}

    The Sales price is $200, so: . \text{Markup} \:=\:0.30 \times \$200 \:=\:\$60

    Therefore the cost was: . \$200 - 60 \:=\:\boxed{\$140}

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  3. #3
    Junior Member
    Joined
    Oct 2007
    Posts
    48

    Thumbs up Solved

    Dear Sorobon,

    Thanks for you instant reply. I've corrected the answers with your help.


    Thanks again.
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  4. #4
    Newbie
    Joined
    Aug 2008
    Posts
    1

    retail mathmatics

    Q.Calculate the net profit or loss in dollars and as a percentage if:

    Net sales 30,000 net sales 30,000
    Cost of goods sold 52% -cost of goods 52%
    Operating expenses 48% = gross margin 14,400
    -operating expenses 48%
    =net profit 7,488.00
    2%
    is this correct?
    Q.
    If the loungewear department had cusomer returns of 10.5% The department's net salesamounted to 635,380.00. As the buyer reviewed last year's figures for the same period, the customer returns were 12.5%withgross sales of 726,149.00

    a) Computethe department's performance for this year and last year, in regard to gross sales , customer returns and net sales

    b) Compare this year's result to last years performance.


    Last year This year
    customer returns and allowances 12.5% customer returns, al. 10.5%
    department gross sales 726,149 department gross 709,921
    net sales 635,380 net sales 635,380

    is this correct


    Q.
    The Customer returns for the fall season wwere 10% on gross sales of 900,000. For the spring season, gross sales were 850,000,and cusomer returns were 70,000. What was the percentage of customer returns for the entire year?

    For the fall 10%
    For the spring 12%

    is this correct?
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