Question
1. Calculate the initial markup percent for the following situations (4 points total): a. Hint: Sales % is always 100.0% Expenses = 38.0% Reductions =
1. Calculate the initial markup percent for the following situations (4 points total):
a. Hint: Sales % is always 100.0%
Expenses = 38.0% Reductions = 10.0% Cash Discounts = 1.0% Profit Goal = 5.0%
b. Hint: Reductions = Shrinkage + Markdowns; If no Cash Discounts, then it is 0
Sales = $185,000.00 Shrinkage = $5,000.00 Markdowns = $7,000.00 Expenses = $53,000.00 Profit Goal = $15,000.00
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The Business Of We The Proven Three Step Process For Closing The Gap Between Us And Them In Your Workplace
Authors: Laura Kriska
1st Edition
140021680X, 978-1400216802
