Diva Shoes Case

|Mark the correct answer on your Scantron sheet for each of the following questions. Calculate to two decimal points where appropriate. |

|The MelMar Motel estimates its costs at $25 per room. Management wants an 80% markup based on cost. |a. $56.25 |b. $45.00 |c. $31.25 |d. $20.00 |

|Calculate the selling price per room to guests. B Markup & Discount | | | | |

|Calculate the selling price per pair of pantyhose that cost $122.40 per gross and are marked up 65% based |a. $0.55 |b. $0.85 |c. $1.40 |d. $1.89 |

|on cost. C Markup & Discount | | | | |

|Diva’s Shoe Shop ordered shoes listing for $135. The trade discounts are 25/10/5. Calculate the net |a. $112.22 |b. $ 86.57 |c. $ 81.00 |d. $ 54.00 |

|cost. B Markup & Discount | | | | |

|A $3,199.34 invoice dated February 9 has terms 3/10 EOM. Calculate the credit received for a partial |a. C Markup & Discounts |b. $2575.00 |c. $2577.32 |d. $2750.00 |

|payment of $2,500 on March 8. |$2427.18 | | | |...