Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross

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Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater than maintained markup.

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Retailing Management

ISBN: 978-1259573088

10th edition

Authors: Michael Levy, Barton Weitz, Dhruv Grewal

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Question Posted: Dec 03, 2018 11:47 AM

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Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross

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Gross margin GM Maintained markup Reductions GM 52000 x 39 2500 GM 20280 2500 GM 177...View the full answer

Retailing Management

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