As seen from the graph the oversupply of ships and falling demand is affecting the utilization rate of bulk carriers. As most of the grain trading is done in the spot market the oversupply of ships is going to affect the freight rates (Singh, 2009).
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If markup on cost is 36%, what is the equivalent markup on retail?Answer: .361.36 = .26 What Should you Pay for Merchandise? You are considering vendors for private label shirts. You would like the retail price of the shirts to be $25.00. Your markup objective is 45% on retail.What is the highest price you can pay to meet this objective? Retail Selling Price = Cost of Merchandise + Markup$25 = X + $11.25100%= 55% + 45%So: 55% of $25 = $13.75 Determining the Most you Can Pay  A buyer for menâs clothing is seeking sport coats to retail for $125.The markup objective on retail is 48%.hat is the highest price you can pay to meet this objective? Retail Selling Price = Cost of Merchandise + Markup$25 = X + $11.25100%= 55% + 45%So: 55% of $25 = $13.75 Determining the Most you Can Pay  A buyer for menâs clothing is seeking sport coats to retail for $125. The markup objective on retail is 48%.