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A group of dresses were purchased for $25.00 each. The buyer wants to sell them for $52.00 at retail. 47. What is the markup
A group of dresses were purchased for $25.00 each. The buyer wants to sell them for $52.00 at retail. 47. What is the markup in dollars on these dresses? 48. What is the markup in percent on these dresses? A buyer is reducing 50 pairs of leather gloves originally retailing for $40.00 to $19.99. 49. What is the markdown percentage for each pair of gloves? 50. How much is the total markdown in dollars? A coat was originally marked $400.00 but did not sell. It was first reduced 20% but still did not sell. It was reduced again and finally sold at $189.99. 51. What was the first sale price? Planned sales for July this year are $200,000. Last year the actual sales for July were $185,000. 52. What is the planned dollar increase in sales for the month? The planned sales for the shoe department this month are $56,000. The stock-to-sales ratio is planned at 2.5. 53. What is the FOM stock that is needed to realize this ratio?
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