Problema Solution
Home Depot store in L.A bought 50 packages of sand papper that cost $ 1.50 each. The store sold 38 packages at $1.90 each and 12 at $1.60. The regular markup for overhead was 25% of cost.
A. What were the total- Wholesale Costs: $
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Handling Costs: $
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Sales: $
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B. Was a net profit, operating loss, or a gross loss made on the 50 packages?
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C. How much was it? $
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D. What percent of the wholesale cost did it represent? $
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Answer provided by our tutors
A. Total wholesale cost = 50*$1.5 = $75
Handling Costs: $ 75*25%= $18.75
Sales: $ (38*1.9)+(12*1.6) = $ 91.4
B. Was a net profit, operating loss, or a gross loss made on the 50 packages? OPERATING LOSS
C. How much was it? $ 2.35
D. What percent of the wholesale cost did it represent?
= 2.35/75*100 = 3.13%