For the retailer in problem 13, the retail selling price is $10.00. What are the merchandise costs?
Question:
For the retailer in problem 13, the retail selling price is $10.00. What are the merchandise costs?
a. $3.33
b. $6.67
c. $12.00
d. $14.92
Data from problem 13
A retailer has net annual sales of $3,000,000. Retail expenses are $260,000. Net profit is $400,000. Calculate the maintained markup at retail.
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Related Book For 
Retail Management A Strategic Approach
ISBN: 9780133796841
13th Edition
Authors: Barry Berman, Joel Evans, Patrali Chatterjee
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