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Assignment 1: Determine Cost

Task
Calculate the answers to the following pricing scenarios. Show step-by-step calculations starting
with the application of formula to arrive at the answer.
Scenario 1
a. A small couture boutique has a pair of designer jeans selling @$1200.00 with a 64
percent markup. What is the cost of these jeans?
b. If the boutique sales manager wishes to make a 75 percent markup, what would the new
retail price on the same pair of jeans be?
Scenario 2
Alicia plans to spend $95,000 (retail value) in May to fill the inventory for the swimsuit
department of her retail store. She has already spent $21,000 at cost. If the planned markup she
needs to achieve is 41.4 percent, how much in dollars does she have to spend at cost?
Scenario 3
If a three-piece set of rhinestone costume jewelry pieces sell for $15.00 and they cost the retailer
$75.00 per dozen, how much is the markup% at retail for each set of jewelry?
Deliverable
Use the given template to document your responses and submit it to the W3: Assignment 1
Dropbox by Saturday, September 7, 2013. You can use the Word or Excel template depending
on your comfortyoull be graded on the calculations and not on the choice of template.
Participation
Start reviewing and responding to your classmates as early in the week as possible. Continue the
discussion through the end of the week. By Monday, September 9, 2013, review and respond to
at least two of your classmates' work, providing constructive feedback, suggestions, questions,
and additional helpful information. Each peer response should be a minimum of 150 words.
Information, comments, and conclusions should be supported by your research and sources.
Keep the following in mind when you are responding to your peers:

Did they discuss any thoughts that you had not considered?
What did you learn from their post?

Grading Scale for Assignment Criteria:

Excellent Good Moderate

Needs
Improvement
5 Points 4.5
4
3.5
Excellent Good Moderate
Needs
Improvement
10 Points 8.5
8
6.5
Excellent Good Moderate
Needs
Improvement
15 Points 12.5
12
9.5
Excellent Good Moderate
Needs
Improvement
20 Points 16.5
16
12.5

Below
Standard
3
Below
Standard
6
Below
Standard
9
Below
Standard
12

Unacceptable
02 Points
Unacceptable
04 Points
Unacceptable
06 Points
Unacceptable
08 Points

Assignment 1 Grading Criteria

Content
Correctly calculated the cost of jeans.
Correctly calculated the revised retail price of jeans.
Correctly calculated the cost, in dollars, that Alicia needs to
spend for the swimsuit department.
Correctly calculated the markup% at retail for each set of jewelry.

Demonstrated step-by-step calculations for all scenarios.


Format
Used the given template to document responses and
submitted it to the W3: Assignment 1 Dropbox by
Saturday, September 7, 2013. Used the provided Word or
Excel template.
Participation
Commented on at least two peers assignments with specific
remarks within 48 hours of the assignment deadline
Monday, September 9, 2013at least 150 words for each
response.

Maximum
Points
10

10
10
5
5

Comments included at least two of the following:


5

Questions regarding the content of assignment.


Observations regarding the content of assignment.
Constructive feedback to assist classmates with
improving their work.

Vocabulary and topics from the text/lecture should be used to

support your discussion, and sources should be cited in MLA


format.
Total:

50

For assistance with any problems you may have when completing this assignmentORto offer
your assistance to classmates, please use the Problems and Solutions Discussion area located
through the left side navigation link.