Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A store bought 12 dresses and retailed them for $100.00 each. They sold 10 of the dresses at the original price of $100.00 They marked

A store bought 12 dresses and retailed them for $100.00 each.
They sold 10 of the dresses at the original price of $100.00
They marked down the remaining dresses to $49.99 and sold out of the dress.
What is the MD% to sales
A 9.1%
B 11%
C 50%
D 20%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud examination

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

4th edition

538470844, 978-0538470841

More Books

Students also viewed these Accounting questions

Question

Discuss the objectives of discipline and appeals systems

Answered: 1 week ago