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The seasonal plan for a shoe department shows planned sales of $753,000, with planned markdowns of 56.4%. a. What is the planned dollar amount of
The seasonal plan for a shoe department shows planned sales of $753,000, with planned markdowns of 56.4%.
a. What is the planned dollar amount of markdowns?
b. If the actual markdowns are $450,000 on actual sales of $800,000, are the actual markdowns taken more or less than planned? By how much? What is the actual markdown percentage?
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