Alym Corporation purchases appliances for resale. The average cost of each appliance is $790 less 33%. Operating expenses are 30% of cost. Policy is to have a 44% mark-up on selling price. In order to breakeven Fulton has to sell each appliance at a markdown of 28.70%.

Question

Quizplus · Accepted Answer

The information provided does not allow for a direct calculation of the break-even point based on a markdown of 28.70%. Break-even analysis typically involves calculating fixed and variable costs to determine the number of units that must be sold at a certain price to cover all costs. The markdown percentage alone, without additional financial details, does not directly determine the break-even point.

Alym Corporation Purchases Appliances for Resale