A retailer has net annual sales of $3,000,000. Retail expenses are $260,000. Net profit is $400,000. Calculate
Question:
A retailer has net annual sales of $3,000,000. Retail expenses are $260,000. Net profit is $400,000. Calculate the maintained markup at retail.
a. 13.0%
b. 16.5%
c. 20.0%
d. 22.0%
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Related Book For 
Retail Management A Strategic Approach
ISBN: 9780133796841
13th Edition
Authors: Barry Berman, Joel Evans, Patrali Chatterjee
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