 | Markups and Markdowns: Perishables and Breakeven Analysis
Learning Objectives
LU 8–1: Markups1 Based on Cost (100%)- Calculate dollar markup and percent markup on cost.
- Calculate selling price when you know the cost and percent markup on cost.
- Calculate cost when dollar markup and percent markup on cost are known.
- Calculate cost when you know the selling price and percent markup on cost.
LU 8–2: Markups Based on Selling Price (100%)- Calculate dollar markup and percent markup on selling price.
- Calculate selling price when dollar markup and percent markup on selling price are known.
- Calculate selling price when cost and percent markup on selling price are known.
- Calculate cost when selling price and percent markup on selling price are known.
- Convert from percent markup on cost to percent markup on selling price and vice versa.
LU 8–3: Markdowns and Perishables- Calculate markdowns; compare markdowns and markups.
- Price perishable items to cover spoilage loss.
LU 8–4: Breakeven Analysis- Calculate contribution margin.
- Calculate breakeven point.
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