section 8.3
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Markdown. Section 8.3. Markdown. % discount. To find reduced price, subtract. Original $ - Markdown $ = Reduced $. Ski boots originally priced at $289.99 were marked down 40%. Find the reduced price. - PowerPoint PPT PresentationTRANSCRIPT
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Markdown
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Markdown
% discount.
To find reduced price, subtract. Original $ - Markdown $ = Reduced $
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Ski boots originally priced at $289.99 were marked down 40%. Find the reduced price.
The entire inventory of decorations remaining after Christmas has a retail value of $1836. If they are sold at reduced prices totaling $459, what is the percent markdown?
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Men’s and women’s winter gloves are sold at a reduced price of $17.99 after a markdown of 40% from the original price. Find the original price.
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VOCAB (p 318)
Break-even Point: point at which the reduced price just covers the cost + overhead.
Operating Loss: occurs when the reduced price is less than the break-even point.
Absolute (or Gross) Loss: result of a reduced price that is below the cost of the merchandise alone.
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Big Chime Electronics paid $480 for a flat-screen television set. If the operating expenses are 35% of cost and the television is sold for $600, find the amount of the operating loss.
A propane forced-air heater normally selling for $290 is marked down 25%. If the cost of the heater is $220 and the operating expenses are 15% of the cost, find (A) the operating loss and (B) the absolute loss.