Question: A department's plan is: 5 5 COGS = $ 5 0 0 , 0 0 0 Total retail reductions = 5 % Net operating profit

A department's plan is:
55
COGS = $500,000
Total retail reductions =5%
Net operating profit =$45,000 or 6%
Determine the needed IMU%
Express as a percent rounded one place to the right of the decimal
A department's plan is: 5 5 COGS = $ 5 0 0 , 0 0

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