HAVING DIFFICULTY UNDERSTANDING THE CONCEPT

Calculate the dollar amount of Net Sales given the following figures: Expenses $423,099 Expenses 26.42% Profit 4.21% Select one: a. $1,601,434.52 b. $490,519.39 c. $820,442.89 d. $695,742.04 Calculate the maintained markup percent for a department with the following figures: Net sales $1,655,028 Net purchases $237, 100 Opening inventory $582,600 Closing inventory $361,230 Freight inward $3,500 Cash discounts $8,950 Alteration costs $398 Select one: a. 72.60% b. 72.09% C. 72.63% d. 27.91% The buyer in the juniors' department plans to purchase $5,600 worth of outerwear at retail for the fall season. She has already purchased 50 puffer coats costing $28.60 each, which she plans sell at retail for $59.00 each. What markup percent must be obtained on the balance of outerwear to average a 58.50% markup? Select one: a. 58.50% b. 66.26% C. 56.09% d. 51.53%