Chapter 11: Merchandising Supplemental Questions Flashcards Preview

MOR 215: Funeral Merchandising > Chapter 11: Merchandising Supplemental Questions > Flashcards

Flashcards in Chapter 11: Merchandising Supplemental Questions Deck (11)
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1
Q

The wholesale cost of a casket is $500 and the retail price is $1500. What is the CVI?

A

33.3%

2
Q

The wholesale cost of a casket is $795 and the retail price is $1985. What is the CVI?

A

40%

3
Q

What is the margin or gross casket profit of the unit whose wholesale cost is $500 and retail price is $1500

A

$1000

4
Q

What is the margin or gross casket profit of the unit whose wholesale cost is $795 and retail price is $1985?

A

$1190

5
Q

If the wholesale cost is $350 and the service and merchandise price is $5000, what is the MVR?

A

7%

6
Q

If the wholesale cost is $500 and the service and merchandise price is $4000, what is the MVR?

A

12.5%

7
Q

What is the selling price of a casket with a wholesale cost of $900 and the funeral home’s fixed multiple is 3%

A

$2700

8
Q

What is the selling price of a casket with a wholesale cost of $350 and the funeral home’s fixed multiple is 2.5?

A

$875

9
Q

The sales for the week were $800, $2500, $4700, and $700. What is the mean selling price?

A

$2175

10
Q

Sales for the week were $500, $600, $700, $1000, and $1100. Determine the median

A

$700

11
Q

Sales for the week were $750, $1100, $1100, $1225, $1250, $1525, $1100, and $1100. Determine the mode

A

$1100