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Womens boutique Sales for the year: $ 390,000 Turnover rate: 3.6 Markup %: 50% Define your five product categories Tops Bottoms Jackets Dresses Shoes 6.
Womens boutique
Sales for the year:
$390,000
Turnover rate:
3.6
Markup %:
50%
Define your five product categories
Tops
Bottoms
Jackets
Dresses
Shoes
6. Determine your four price points for each category
$20, $40, $50, $30
7. Determine your % of sales for each price point
8. Calculate your average retail price
9. Calculated your average cost.
10. Determine your % of Planned Sales for each category
11. Calculate the dollar allocation for each category based off % of Planned Sales
12. Calculate the number of pieces that will be allocated to each category
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