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A distributor purchased 600 golf sets at $350 each. The markup is 45% of the cost...

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Finance

A distributor purchased 600 golf sets at $350 each. The markupis 45% of the cost and overhead expense is 20% of the cost. It sold30% of the sets at the regular selling price, 60% of the remainingsets at a discount of 30%, and the remaining sets at the costprice. Find the overall profit or loss on the sale of the golfsets.

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3.6 Ratings (622 Votes)
Purchase price or cost price 600 sets 350 per set 210000 Overhead expense 20 210000 42000 Overhead expense per set 42000 600 70 per set Markup 45 of Purchase price 45 210000 94500 Selling price Purchase price Overhead expense Markup Selling price 210000 42000 94500 346500 Selling price per unit 346500 600 5775 per set    See Answer
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Transcribed Image Text

A distributor purchased 600 golf sets at $350 each. The markupis 45% of the cost and overhead expense is 20% of the cost. It sold30% of the sets at the regular selling price, 60% of the remainingsets at a discount of 30%, and the remaining sets at the costprice. Find the overall profit or loss on the sale of the golfsets.

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