1 Merchandise with a total billed cost of 8320 arrived at th

1. Merchandise with a total billed cost of $8,320 arrived at the retailer October 6. Terms of the invoice, dated September 22, were 3/10 ROG, FOB store. Transportation charges were $210. If the invoice is paid on October 16, how much should be paid?

2. On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans, Louisiana. The invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10.

(a) How much should be remitted?

(b) If the merchandise is shipped FOB New Orleans, Louisiana, charges reversed, with transportation charges of $300, how much should be remitted?

3. John’s sales for the week totaled $9,271.43, a 6.5% increase over his sales the previous week. What were his previous week’s sales?

4. The manager of a specialty chain store was concerned that the store’s sales per square foot of $219 was below the company average of $245. If the store had 3,600 square feet of space, what percentage increase in sales would be needed to bring sales up to the company average?

5. The average sale in a discount department store was $23.45 during a week when the store processed 29,200 customers. What were the store’s total sales for the week?

6. Determine the average sale per transaction if gross sales for the month were $38,600 on 205 transactions.

7. Last year, a department had net sales of $10,640 with a selling cost of 10.2%. The hourly wage rate for employees has been increased and is now $8.15 per hour. If sales are expected to increase 8% this year, how many hours of sales assistance can be provided and still have the department maintain a selling cost of 10.2%?

8. Determine customer return percent when gross sales are $138,300 and net sales are $127,430.

9. The bath shop buyer anticipates that he can sell 150 units priced at $4.95 or 90 units priced at $7.95. Which retail price will result in larger total dollar sales?

10. For the month of June, the sportswear department has planned to have net sales of $260,000. The selling cost is not to exceed 8.2%. How much can be spent on sales personnel?

11. The manager of a clothing store planned to give free turkeys to salespersons selling over $10,000 during the fall harvest sale. Of the 110 salespersons working at the store, only 8 sold over $10,000. What percent of the salespersons received turkeys?

12. During last year’s anniversary sale, the rug department sold 425 wool area rugs. If this year’s sales units declined 20% from last year’s figure, how many rugs were sold this year?

13. In the lingerie department, the manager kept 15% of the total inventory in the stock room and the rest displayed on the floor. If $30,000 worth of goods were placed in the stock room, what was the dollar amount of inventory on the floor?

14. To cut costs and improve profits, a retailer announced the closing of 75 unprofitable stores and the release of 4,900 employees, 2% of the company’s workforce. How many employees remained after these 4,900 left the company?

15. A retailer in Atlanta ordered a shipment of shoes totaling $15,800 from a vendor in California. The shipping cost was $220. The shoes were shipped FOB Atlanta; charges reversed. The shoe vendor gave the retailer a 1% damage allowance. How much did the retailer pay the vendor for the shoes?

LEt John\'s sales for last week be = $ x

next week his sales are = x + 6.5% of x

= x + .065x = 1.065x

now sales in the next week = $9,271.43

= > $9,271.43 = 1.065x

=> x = 9,271.43/1.065

=> x = $ 8705.57

hence the sales in the previous week was = $ 8705.56