Question: CASE STUDY 3 BALANCING MARKUP er determined a 54% markup was required on In preparation for a buying trip, a buyer determined a 54% markup
CASE STUDY 3 BALANCING MARKUP er determined a 54% markup was required on In preparation for a buying trip, a buyer determined a 54% markup was.ro all purchases, which amounted to $750,000 at retail. On completion of the trinth. buver reviewed the orders placed. At the end of the season, a vendor analysis revealed the following sales results: Cost Final retail $25,000 Resource A Resource B Initial retail $50,000 85,000 $50,000 40,000 83,000 60,000 135,000 130,000 Resource C Resource D 55,000 135,000 Resource E 75,000 135,000 167,000 165,000 $730,000 90,000 170,000 175,000 $750,000 Resource F Total $345,000 Compute the following: a. Initial markup percentage for each resource. b. Final markup percentage achieved for each resource. C. Compare the anticipated markup percentage of the entire purchase to the actual markup percentage achieved. d. Which vendor(s) markup percentage performance was superior to the overall markup percentage and by how much
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