the buyer in misses' sportswear plans to purchase $4,200 (retail) worth of jackets. she has purchased 60 jackets costing $26 each which she plans to retail for $50 each. what markup percent must be obtained on the balance of jackets in order to average a 46.5% markup?

There is no such thing as an average markup price because markup is indeed the difference between the selling price and the cost of the goods. Instead, there is an average markup rate, which is typically 50%. Markups differ from one contractor to the next and possibly from one project to the next. But as a general rule, the markup on materials will often range between 7.5 and 10%. According to the Corporate Finance Institute, some contractors would mark up materials by as much as 20%.

Can you negotiate markup?

Feel free to haggle: If the vehicle you truly want has a market adjustment, consider offering half of its price. Dealers don't always expect buyers to pay the full markup. Dealership markup is what they include to raise the price of an automobile. It costs more than the MSRP from the factory. The difference between the price a dealership must pay the manufacturer for a car and the amount it receives from a customer at the moment of sale constitutes the dealership's gross profit on a given vehicle.

Briefing:

Therefore:

Retail price of Jacket = $4200

Average Markup percent = 46.5%

Then the Markup balance = retail price × percent of average markup

=4200*46.5%

=$1953

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