7 Sales Associate Specialty Store Earns 15 Selling Price Electronic Equipment Cds Sells E Q34289575

7.

a.

A Sales associate for a specialty store earns 15%of the sellingprice of electronic equipment and CDs that he sells. He earns $6.00on each CD double set. What is the selling price of the CD set.

a.

$45.00

b.

$35.00

c.

$38.00

d.

$40.00

b.

All sales made in aspecific period is called.

a.

complete sales

b.

net sales

c.

gross sales

d.

total inventory

c.

The buyer purchased the following items:
12 boys knit tops at $5.75 each
2 dozen boy’s turtlenecks at $5.25 each.
5 dozen basic t-shirts at $3.75 each.
How many pieces did the buyer purchase?

a.

100 pieces

b.

110 pieces

c.

96 pieces

d.

102 pieces

Expert Answer

1.d. 15% of the selling price= $6. Therefore, Selling price=6/0.15=$40.0

2.c. All sales made during the specific period is called grosssales.