A men's swim buyer determines that the department has net sales of $875,000, expenses of $345,000, and
Fantastic news! We've Found the answer you've been seeking!
Question:
A men's swim buyer determines that the department has net sales of $875,000, expenses of $345,000, and total reductions of $95,000. This buyer also wants to attain a net profit of 4.5%. Find the initial markup percentage. | |
Net sales | $875,000 |
Expenses | $345,000 |
Reductions | $95,000 |
Net profit-4.5% | |
IMU % | |
A retailer in a boutique jewelry store has estimated expenses of 49%, markdowns at 15%, and stock shortage at 6.3%. A profit of 4% is desired. Calculate the initial markup percentage required. | |
Markdowns | 15.0% |
Expenses | 49.0% |
Shortage | 6.3% |
Profit | 4.0% |
IMU % | |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: