Assume that you are an assistant buyer at Hollister. The fall merchandise has come in and your boss has asked you to price the new crew neck sweaters at 75% above cost. Each sweater costs $26.00 wholesale.
What is the retail price? If Holister sold 350 sweaters per day what was the amount of total sales per day?
What is the profit on the sweaters if they sold that amount per day for the week? (assume they are open for 7
days)