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A buyer for BestBuy is negotiating with a manufacturer to purchase an order of edge-lit 58 inch 3D LED televisions. She negotiates a price of $1,210. BestBuy marks up this category of television by 23% of selling price. BestBuy has determined that the price point for this TV will be $1,655. Based on the negotiated price, BestBuy's required markup and the customer price point, by how much will BestBuy be exceeding (+) or falling short (-) of it's desired markup? Round your answer to the nearest dollar. In answering this question, calculate the selling price that would represent a 23% markup on that selling price, given the negotiated purchase price. Then compare that price to BestBuy's price point.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92264694

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