10. A suit buyer who plans sales of $95,000 at retail during April has an average...

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10. A suit buyer who plans sales of $95,000 at retail during April has an average markup goal of 54%. An order is placed with the B&C Sportswear Company for April delivery in the amount of $5,975 at cost and $12,500 at retail. What markup percentage must be made on the balance of the April purchases to achieve the planned markup? B & C order placed Retail Planned $95,000 $12,500 MU % 54.0% Cost Planned MU $ $5,975 MU% 10. A suit buyer who plans sales of $95,000 at retail during April has an average markup goal of 54%. An order is placed with the B&C Sportswear Company for April delivery in the amount of $5,975 at cost and $12,500 at retail. What markup percentage must be made on the balance of the April purchases to achieve the planned markup? B & C order placed Retail Planned $95,000 $12,500 MU % 54.0% Cost Planned MU $ $5,975 MU%

Answer rating: 100% (QA)

Let the total cost planned x Cost mark up sales If markup is targett... View the full answer