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The children's wear buyer wants to spend $15,000 at retail for August receipts. The departmental goal MU % is 55.0%. Store inventory requires 600 soccer

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The children's wear buyer wants to spend $15,000 at retail for August receipts. The departmental goal MU \% is 55.0%. Store inventory requires 600 soccer shirts to be bought for the month. a)-What should be the retail price for these shirts? b)- What is the maximum amount per shirt that buyer can spend at cost on purchasing 600 soccer shirts? CUMULATIVE MARKUP: Example: A hosiery department had an opening inventory of $455,000 at retail, with a 45.8% markup. Purchases during November were marked up by 50.75%. If the Cumulative Retall for total merchandise handled during November was $890,000, find the cumulative markup\% for the month of November. ( 5 pts)

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