A distributor received a shipment of 27,000 feet of rubber hydraulic hose which he
sold at the following rates: 42% at $12 per foot, 10% at $9.95 per foot, and 60% of the
remainder at $8.95 per foot. What was the total dollar amount received from the
sales? What percent was unsold?
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Ans:
27000 * .42 = 11340
11340 * $12 = $136080
27000 * .10 = 2700
2700 * $9.95 = $26865
27000 - 11340 - 2700 = 12960
12960 * .60 = 7776
7776 * $8.95 = 69595
Unsold = 27000 - 11340 - 2700 - 7776 = 5184
= 5184/27000 = 19.2%
$ Value = 136080 + 26865 + 69595 = 232540
, Ace distributing company has $53,000 in inventory. 23% are "C" classification items,
32% are "B" items, and the remainder is class "A" items. What is the value of each class
of items?
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Ans:
=A: 45/100*53000
=23850
=B: 32/100*53000
=16960
=C: 23/100*53000
=12190
A distributor purchased a set of tools for $270 and marked the item up 35%. What is
the gross margin percentage? What are the gross margin dollars?
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Percent Gross Margin
= (35/135) *100 = 25.92%
Selling Price
= 270 / (100% - 25.92%)
= 270/0.7408 = $364.47
Gross Margin dollars
= $364.47 - $270
= $94.47
sold at the following rates: 42% at $12 per foot, 10% at $9.95 per foot, and 60% of the
remainder at $8.95 per foot. What was the total dollar amount received from the
sales? What percent was unsold?
Give this one a try later!
Ans:
27000 * .42 = 11340
11340 * $12 = $136080
27000 * .10 = 2700
2700 * $9.95 = $26865
27000 - 11340 - 2700 = 12960
12960 * .60 = 7776
7776 * $8.95 = 69595
Unsold = 27000 - 11340 - 2700 - 7776 = 5184
= 5184/27000 = 19.2%
$ Value = 136080 + 26865 + 69595 = 232540
, Ace distributing company has $53,000 in inventory. 23% are "C" classification items,
32% are "B" items, and the remainder is class "A" items. What is the value of each class
of items?
Give this one a try later!
Ans:
=A: 45/100*53000
=23850
=B: 32/100*53000
=16960
=C: 23/100*53000
=12190
A distributor purchased a set of tools for $270 and marked the item up 35%. What is
the gross margin percentage? What are the gross margin dollars?
Give this one a try later!
Percent Gross Margin
= (35/135) *100 = 25.92%
Selling Price
= 270 / (100% - 25.92%)
= 270/0.7408 = $364.47
Gross Margin dollars
= $364.47 - $270
= $94.47
