Question

A special discount was offered to the employees of Ryan's, a lead ing men's store. Employees were given their employee discount of

VALET MOYE 35% off and an additional 15% discount on all purchases. The fol lowing merchandise was sold: 15 cable knit sweaters, which retailed at $65.00 each 22 pairs of khaki twill pants, which retailed at $50.00 each 18 casual jackets, which retailed at $62.00 each a. What was the total sales volume? b. Find the total markdown dollars taken. Remer Chapte

Answer 1

Answer: a) $2155, b) $1763.03.

Explanation:

Since we have given that

Number of cable knit sweaters = 15

Cost per sweaters = $65.00

Number of pairs of khaki twill pants = 22

Cost of each pair = $50.00

Number of casual jackets = 18

Cost of each jackets = $62.00

total sale volume would be

`15* 65+22* 50+18* 62\\\\=\$3191`

Employee discount = 35%

Additional discount = 15%

So, Total markdown dollars taken is given by

`3191* (100-35)/(100)* (100-15)/(100)\\\\=3191* (65)/(100)* (85)/(100)\\\\=3191* 0.65* 0.85\\\\=\$1763.0275`

Hence, a) $2155, b) $1763.03.