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1. Pick one retail categor y a. Womens boutique b. Mens Specialty c. Childrens boutique 2. Pick one total sales for the year a. $356,000
1. Pick one retail category
a. Womens boutique
b. Mens Specialty
c. Childrens boutique
2. Pick one total sales for the year
a. $356,000
b. $425,000
c. $430,000
d. $390,000
3. Choose a turnover rate
a. 3.8
b. 3.5
c. 3.7
d. 3.6
4. Choose a MU %
a. 55%
b. 60%
c. 65%
d. 50%
5. Define your five product categories
6. Determine your four price points for each category
7. Determine your % of sales for each price point
8. Calculate your average retail price
9. Calculated your average cost.
10. Determine your % of Planned Sales for each category
11. Calculate the dollar allocation for each category based off % of Planned Sales
12. Calculate the number of pieces that will be allocated to each category
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