What is the regular selling price

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Question 1. Last year, a battery manufacturing company in Toronto incurred a loss of $659,000.00 by producing and selling 45,000 batteries. If their total revenue for the year was $15,000,000.00 and the break-even volume of the plant is 61,500 batteries, calculate:

a. The selling price of each battery
b. The variable costs for each battery

Question 2. It costs a manufacturer $3,410 to make a product. The rate of markup is 30.00% of the selling price and it offers a markdown of 11.00% during a discount period.

a. What is the regular selling price?

b. What is the reduced selling price during the discount period?

Question 3. A company that manufactures electronic items sells them for $125 each. They need to sell 630 items per month to break even. If the fixed costs are $24,500 per month, what are the variable costs per item?

Question 4. If £1 = US$1.11375 and A$1 = US$0.8896, how many British pounds will you get for one Australian dollar?

Question 5. Maroon Company received an invoice for $151,750 dated November 4, 2011 with payment terms 6/3, 3/20, n/45 for a truck-load of goods. Calculate the amount required to settle the invoice on the following dates.

a. November 6, 2011

b. November 24, 2011

c. December 19, 2011

Question 6. A distributor purchases industrial fans for $155 each. Its profit is 10.00% on selling price and markup is 30.00% on selling price. During a trade show, if the distributor offers a markdown of 8.00% on its fans, calculate the reduced profit or loss made per fan.

Question 7. Tumble Company sells a digital camera for $1,250.00 less 28.00%. Another wholesaler, Spring Company sells a similar digital camera for $830.00 less 24.00%.

a. What is the difference in the price offered by these two distributors?
b. What further trade discount rate should the more expensive wholesaler offer to match the other wholesaler's price?

Question 8. The rate of markup on cost on a product selling at $66.57 is 44%.

a. What is the cost of the product to the retailer?

b. What is the rate of markup on selling price?

Reference no: EM133755865

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