Computing gross profit the following data were taken from the accounts of fluter hardware, a small retail business. sales $121,800 sales returns and allowances 970 sales discounts 560 merchandise inventory, january 1 34,300 purchases during the period 76,700 purchases returns and allowances during the period 3,820 purchases discounts taken during the period 2,460 freight-in on merchandise purchased during the period 1,120 merchandise inventory, december 31 32,000 determine the gross profit.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?