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Assignment 1, Continued - 14239_208
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Assignment 2 - 14239_210
1-69. What markup rate, if any, is prescribed  for  retail  items  in the  ship’s  store? 1. cost plus 15% 2. Cost  plus  transportation expenses  plus  15% 3. Cost plus 15% rounded off to  the  next  higher  nickel 4. None 1-70. The  ROM  system  automatically computes  the  prescribed  markup for all stock items. What individual  may  override  the ROM markup system and enter a different  price? 1. The  leading  Ship’s Serviceman 2. The  ship’s  store recordskeeper 3. The  ship’s  store  officer 4. Each of the above 1-71. The  markup  on  retail  items should  be  sufficient  enough  to provide  for  which  of  the following   expenditures? 1. Markdowns  and  surveys 2. Operating  expenses  of  the service  activities 3. Sales  outlet  operating expenses 4. All of the above 1-72. What  overall  maximum  percentage of profit is the ship’s store authorized  to  make? 1-73. For what price are standard Navy clothing items sold in the ship’s  store? 1. Retail  price 2. Price prescribed in the standard  price  list 3. Cost price plus 15% 4. Price  established  by  the Naval  Supply  Systems Command 1-74. The ROM system will not compute a markup for stock items assigned to which of the following  department  codes? 1. A1 2. D1 3. D3 4. L1 1-75. What is meant by the term “mark-on”? 1. 2. 3. 4. An amount added to the cost price to arrive at the retail  price An increase in the previously   established retail price An amount added to the cost of operation items to cover losses  by  inventory An increase in the previously  established  cost price 1. 5% 2. 10% 3. 15% 4. 20% 9

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