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.

Step-by-step 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

$15\times 65+22\times 50+18\times 62\\\\=\ 3191$

Employee discount = 35%

Additional discount = 15%

So, Total markdown dollars taken is given by

$3191\times \dfrac{100-35}{100}\times \dfrac{100-15}{100}\\\\=3191\times \dfrac{65}{100}\times \dfrac{85}{100}\\\\=3191\times 0.65\times 0.85\\\\=\ 1763.0275$

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