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The swimwear department's estimated sales for the summer season were $800,000, with anticipated markdowns of 15%. At the end of the season, the buyer had
The swimwear department's estimated sales for the summer season were $800,000, with anticipated markdowns of 15%. At the end of the season, the buyer had taken $110,000 in markdowns. Were the actual dollar markdowns taken more or less than planned? Compare the estimated markdowns to the actual markdowns in both dollars and percentage.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
