The manager for the sporting goods department planned to purchase $9,800 worth of merchandise at cost. This merchandise was to retail at $13,000. At Supplier A he purchased $3,750 at cost, with a retail value of $6,000. At Supplier B he purchased $2,950 at cost, with a retail value of $4,800.

What gross profit percentage will the buyer achieve on purchases from a third supplier, C, to meet the overall markup objective.

Answer rating: 100% (QA)

To calculate the overall gross profit percentage we first need to find ... View the full answer