For a special sale, a mens tie buyer plans to promote a $39.99 tie. consequently, the buyer purchases 450 ties and wants to achieve a 55% markup. an order for 100 ties that cost $20.00 each is also placed by this same buyer. what will be the average cost of the remaining pieces (show two decimal places)?

The average cost of each tie is $56.350

Step-by-step explanation:

We are given that a men tie buyer plans to promote a $39.99 tie. Consequently, the buyer purchases 450 ties

So, Cost of 450 ties =

An order for 100 ties that cost $20.00 each

Cost of 100 ties =

Total cost price = 17995.5+2000 = 19995.5

Let the selling price of 1 tie be x

Total ties = 450+100 = 550

So, SP of 550 ties =550x

Now we are given that markup is 55%

So, Profit % = 55%

So,

Substitute the values

Hence The average cost of each tie is $56.350

40 x 50 = 2000

step-by-step explanation: