Calculate the break-even volume

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1. Assume that Stuart Cellars’ annual fixed costs are $1,000,000. With an average retail price of $28 per bottle of wine and assuming estimated variable costs of $11.50, calculate the break-even volume.

2. A retailer purchases a can of soup for $.24 and sells it for $.36. Calculate the mark-up as a percentage of cost and as a percentage of selling price.

3. If Macy’s pays $16.50 for a six-ounce bottle of cologne and sells it for $25.95, what is Macy’s mark-up as a percentage of cost? As a percentage of selling price?

Reference no: EM13900481

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