Math A book and gift store with average annual sales of $700,000 spends 3 percent of its
Question:
Math A book and gift store with average annual sales of $700,000 spends 3 percent of its sales for advertising. The store’s advertising budget is divided as follows: catalogs, 30 percent; calendars and other sales promotions, 7 percent; window displays, 15 percent;
newspaper advertising, 15 percent; direct mail, 20 percent; and miscellaneous, 13 percent.
a. How much is the average annual advertising budget?
b. What is the amount spent on each type of advertising?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Principles And Management
ISBN: 9781111571726
12th Edition
Authors: James L. Burrow, Kenneth E. Everard, Brad Kleindl
Question Posted: