A retailer has net annual sales of $300,000. Retail expenses are $75,000. Net profit is $25,000. Compute
Question:
A retailer has net annual sales of $300,000. Retail expenses are $75,000. Net profit is $25,000. Compute the maintained markup at retail.
a. 20%
b. 33.3%
c. 44.4%
d. 80%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Retail Management A Strategic Approach
ISBN: 9780133796841
13th Edition
Authors: Barry Berman, Joel Evans, Patrali Chatterjee
Question Posted: