24. You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 12 racing bikes per week at a retail price of $679.99. Recently, you put the bikes on sale at $599.99. At the sale price, 15 bikes were sold during the one- week sale. 23: a. What was your markdown percent on the bikes?
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- 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 $649.99. 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.) ____Yes, permanent markdown increases revenue significantly. ____No, permanent markdown decreases revenue significantly. ____No, permanent markdown does not change…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 $679.99. Recently, you put the bikes on sale at $599.99. At the sale price, 12 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.) Yes, permanent markdown increases revenue significantly.No, permanent markdown decreases revenue significantly. No, permanent markdown does not change revenue.17. ACCOUNTANT SALARY An accountant receives a base salary of $1500 a month plus a commission that is 4% of their monthly sales. From past experience the monthly sales range from $10,000 to $100,000. a. Write an equation for the accountant's monthly salary in terms of their monthly sales. b. Graph your equation. Make sure to scale your axes to fit the problem situation. c. How much do they need to sell in a month for this accountant to earn $3,500?
- The shops sell 13 racing bikes per week at a retail price of $657.53. Recently, you put the bikes on sale at $574.92. At the sale price, 17 bikes were sold during the one-week sale.What was your markdown percent on the bikes?What is the percent increase in number of bikes sold during the sale?How much more revenue would be earned in six months by permanently selling the bikes at the lower price rather than having a one-week sale each month? (6 sale weeks in 26 weeks)9. You are the sales manager for Solar Panel Company. You receive a commission based on the total sales of all the salespeople you manage. Your commission is 2% of the first $80,000 of sales, 4% of the next $80,000, and 5% of all sales over $160,000. What is your commission for a month in which your salespeople sold $242,100 in solar panels? 10. You are paid a commission phic $5. 10 per hour with an & per day. 0000 in sales*9. You are the sales manager for the Shockey Solar Panel Company. You receive a commission based on the total sales of all the salespeople you manage. Your commission is 2% of the first $80,000 of sales, 4% on the next $80,000, and 5% on all sales over $160,000. What is your commission for a month in which your sales- people sold $220,000 in solar panels?
- 6. A sports store sells 68 pairs of swimming flippers per day for $20.00 each. The owner estimates that for each $3.00 increase in price, 3 fewer sales are made each day. What price should be charged to maximize profit?5. A sales manager has 30 representatives. She receives a commission of 20% from her own sales and 5% override. During the month of January, she made sales amounting to P70,000 and her representatives made P140,000. What were her total earnings? 6. Suppose the sales tax rate of Pagadian City is 7% of the purchase price. If the price of the digital camera is P 24,700, how much sales tax must be paid?1. James works as a salesman in Octagon Blitz, a computer, gaming, and multimedia store. Last month, he was able to sell 2 laptop units that cost P90 000 each, a gaming computer for P90, 000, and a printer for P10 500. If Carlos receives 8% commission on all items he sells, how much commission does he receive last month?
- You are the manager of an apartment complex with 100 units. When you set the rent at $1600 per month, all apartments are rented. As you increase rent by $50 per month, on average, 2 fewer apartments are rented. Maintenance costs run $200 per month for each occupied unit. What is the rent that maximizes the total amount of profit? Answer:8. Sam Rupp is a sales representative for Benton Computer Company. He is paid a commission of 6% on all sales up to $50,000 per month and 8% on all sales over $50,000. What is his commission for a month in which his sales total $85,900? 9. You are tRC sales manager for the Skeckey Selar Panel Company. Yeu reccive a ondBrightLine Medical Products delivers medical supplies to small offices across the metro area. The typical BrightLine customer orders $1,200 worth of supplies in the average month. BrightLine believes that the average customer stays with BrightLine for 2.4 years. What is BrightLine's MONTHLY CHURN RATE for these small office customers? (Report your answer as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.) ANSWER IS: (3.5), but HOW is that the answer? Please explain.