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The mens dress shirt department has been given the following information to use in developing a merchandise plan for the fall-winter season. Calculate the total
The mens dress shirt department has been given the following information to use in developing a merchandise plan for the fall-winter season. Calculate the total dollar reductions for the season.
Planned net sales $566,000 Operating expenses 35.8% Planned profit 4.0% Markdowns 11.5% Shortages 1.1% Stock Turnover 2.9 Sales% % of Seasons Reductions August 14% 16% September 15% 12% October 13% 12% November 22% 19% December 24% 20% January 12% 21%
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