1. Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sales $98,000 Markup 41.90% Stock turnover 1.8 Operating expenses 39.20% Planned profit 4.00% Cash discounts 1.30% Markdowns 9.10% Shortages 0.70% Maintained markup 41.90%

	Sales		Reductions
February	12%		13%
March	13%		15%
April	15%		12%
May	19%		21%
June	21%		19%
July	20%		20%

Determine sales for each month.