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9 . An activewear buyer bought $ 2 4 , 0 0 0 . 0 0 of stock in a blue tank top. This reflected

9. An activewear buyer bought $24,000.00 of stock in a blue tank top. This reflected 35% of the activewear tanks purchased. How much stock does the company own in this category, rounded to the nearest dollar?
a. $8,400.00
b. $56,400.00
c. $68,571.00
d. $32,400.00
10. At the beginning of the month, your stock ownership is $250,000.00. Your sales are $63,000.00 and your stock is reduced by $27,000.00 worth of markdowns. Your receipts are $75,000.00. What is your ending inventory?
a. $85,000.00
b. $249,000.00
c. $415,000.00
d. $235,000.00

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