Question
What should be the initial markup percent in a department which has the following planned figures? (19 points) Gross sales $565,000 Markdowns 5.2% Alteration costs
What should be the initial markup percent in a department which has the following planned figures? (19 points)
Gross sales $565,000
Markdowns 5.2%
Alteration costs $4,600
Employee discounts 0.9%
Cash discounts 2.1%
Shortages $1,800
Customer returns $5,000
Expenses $173,600
Profit 4.4%
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
