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This factor is the difference between the cost of the merchandise and the retail price.

Initial Markup happens ____; Maintained Markup happens _____.

A buyer plans to buy a selection of 200 suits to retail for a total of $33,750.00 with an average markup of 53.00%. She has already purchased 75 suits for $70.00 each (cost).  What is the total budget (COST) left to spend on the balance of suits?  

Customer returns and allowances in the infant’s department for the year amounted to $2,250.00, and were 2.82% of the gross sales. (a) What were the Gross Sales for the infant’s department? (HINT: use Base, Rate, and Percentage Amount formula) and (b) What were the Net Sales in dollars?

The five “rights” of merchandising include all of the following EXCEPT:  

Littering of the grounds with discarded tobacco products is not permitted.

Reneé’s specialty store recorded Gross Sales of $156,000.00 for the year and Net Sales of $136,344.00. Customer Returns and Allowances amounted to $19,656.00. What CRA percent? (percent of merchandise sold that was returned?)

The men’s tie department net sales for the Spring season are $36,000 and total store’s sales are $2,400,000. What is the net sales percentage for the men’s tie department?

How can a buyer maximize gross margin?

A girl’s licensed tee shirt has a 65% markup and retails for $20.00. The cost price that a buyer would pay for the tee shirt would be