Question
The opening inventory at retail at The Tie Place consisted of the following: 15 dozen ties priced at $25.00 each 4 dozen sterling tie clips
The opening inventory at retail at The Tie Place consisted of the following:
15 dozen ties priced at $25.00 each
4 dozen sterling tie clips priced at $40.00 each
50 gift boxes priced at $1.50 each
The current inventory carries a markup of 50%. During the month, a buyer purchases 4 dozen special purchase ties that cost her $8.00 each. If she plans to retail them for the same price as all of the other ties, what will be the cumulative markup on the merchandise for the month? Round to the nearest whole dollar, when calculating $ Cost and $ Retail. Round your final answer to two decimal places.
A. | 52.80% | |
B. | 45.91% | |
C. | 14.72% | |
D. | 52.54% |
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