A department store budgets $1,000 for a variety of straw handbags for summer. Their target initial margin is 70%. The first $250 of handbags arrives and they are priced at $350. If you are the buyer for the store, what do you need to price the remaining handbags for to achieve the targeted initial margin mix?

Answer rating: 100% (QA)

Lets break this problem down step by step Firstly the stores target initial margin is 70 This means ... View the full answer