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Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sales $98,000 Markup 41.90% Stock turnover 1.8 Operating expenses 39.20%

Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sales $98,000

Markup 41.90%

Stock turnover 1.8

Operating expenses 39.20%

Planned profit 4.00%

Cash discounts 1.30%

Markdowns 9.10%

Shortages 0.70%

Maintained markup 41.90%

Sales Reductions
February 12% 13%
March 13% 15%
April 15% 12%
May 19% 21%
June 21% 19%
July 20% 20%

Calculate the reductions for each month.

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