You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent

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You Are The Manager Of A Camera Store Use The Advertisement To Answer The Questions Round Dollars To The Nearest Cent 1 (39.47 KiB) Viewed 40 times

You Are The Manager Of A Camera Store Use The Advertisement To Answer The Questions Round Dollars To The Nearest Cent 2 (39.49 KiB) Viewed 40 times

You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents. to the nearest tenth of a percent.) $129.99 PowerShooter 1800 $199.99 CyberShooter 2400 (a) If the PowerShooter 1800 is marked up by $69.50, what is the cost (in $) and what is the percent markup based on cost? cost percent markup based on cost % (b) If the CyberShooter 2400 has a cost of $77.00, what are the amount of the markup (in $) and the percent markup based on cost? amount of the markup $ percent markup based on cost % (c) Which camera is more "profitable" to the store? Why? The CyberShooter 2400 is more profitable to the store because it has a higher percent markup. The PowerShooter 1800 is more profitable to the store because it has a higher percent markup. The PowerShooter 1800 is more profitable to the store because it has a lower percent markup. The CyberShooter 2400 is more profitable to the store because it has a lower percent markup. (d) What other factors should be considered in determining profitability?

You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 10 racing bikes per week at a retail price of $689.99. Recently, you put the bikes on sale at $599.99. At the sale price, 13 bikes were sold during the one week sale. (a) What was your markdown percent on the bikes? (Round your answer to one decimal place.) % (b) What is the percent increase in number of bikes sold during the sale? % (c) How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.) $ more revenue (d) As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.) O Yes, permanent markdown increases revenue significantly. No, permanent markdown decreases revenue significantly. No, permanent markdown does not change revenue.