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 dollar reductions for September.

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%

Select one:

a. $67,920

b. $11,411

c. $8,558

d. $84,900