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You are planning to purchase a total of 1500 sweaters, retailing at $40 each, in a December promotion. You have a markup goal of 47.5%.
You are planning to purchase a total of 1500 sweaters, retailing at $40 each, in a December promotion. You have a markup goal of 47.5%. So far, you have purchased 1250 sweaters, costing $23 each. What is the maximum cost that can be paid for the remaining units in order to make your markup goal? The table below will help you set up the calculations:
|
# units |
Retail |
Cost |
MU% |
Total |
|
|
|
|
Purchased |
|
|
|
|
Balance (i.e. remaining units) |
|
|
|
|
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