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Home Q & A Board Other Fields Homework Help Business Accounting
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sunkiss22 sunkiss22
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A year ago
Judy's Jewelry sells necklaces to retailers across the country. Her gross margin can run as high as 35%.

Required:
a.If the sales price for a pearl necklace is $249, what is the cost to make it, assuming
a 35% gross margin?
b.If Judy were to increase the cost of producing the pearl necklace to $166, what would
be
the markup percentage at the $249 sales price?
c.If Judy were to increase the cost of producing the pearl necklace to $166, what would
be
the sales price at a 35% gross margin?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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chanelstar27chanelstar27
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A year ago
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sunkiss22 Author
wrote...

A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
alpheratz
wrote...

Yesterday
Good timing, thanks!
missnoname
wrote...

2 hours ago
Correct Slight Smile TY
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