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What would be the selling price of an item

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Question 1: Dresses sold at $125.00 each. The cost of each dress was $55.00. What was the gross margin in both dollars and percentage?

Question 2: What would be the selling price of an item if the cost was $20 and the gross margin desired is 24%?

Question 3: What is the selling price if the cost is 70% and the gross margin is $25?

Question 4: A stationary retailer buys note pads at $15 per dozen and sells them at $2 each. What is the gross margin?

Question 5: A sales representative offers you a product at a cost of $50 and tells you that the markup that is suggested is 30%. Your boss has given you directives to maintain a 30% gross margin. Given this information, do you accept the sales representative's offer?

Reference no: EM132595210

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