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A department store budgets $1,000 for a variety of straw handbags for summer. Their target initial margin is 70%. The first $250 of handbags arrives
A department store budgets $1,000 for a variety of straw handbags for summer. Their target initial margin is 70%. The first $250 of handbags arrives and they are priced at $350. If you are the buyer for the store, what do you need to price the remaining handbags for to achieve the targeted initial margin mix?
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Lets break this problem down step by step Firstly the stores target initial margin is 70 This means ...
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
