Question: Given the following retail figures for March and an initial markup of 4 8 . 5 % , calculate the open - to - buy

Given the following retail figures for March and an initial markup of 48.5%, calculate the open-to-buy for March 15 th in (a) retail dollars and (b) cost dollars. a. Net Sales: $21,300 b. Inventory on March 1: $68,225 c. Inventory on March 31: $71,990 d. Planned March Markdowns: $1,200 e. Merchandise on Order as of 3/15: $9,800

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