Determine Initial Markup Percent (IMU) for the following pla…

Determine Initial Markup Percent (IMU) for the following planned figures:                           Profit                             5.00%                         Expenses                     39.10%                         Employee Discounts    7.80%                         Markdowns                 24.50%                         Shortages                    3.00%                         Alterations                  0.50%                         Cash Discounts          2.60%

For a department having the following figures:              …

For a department having the following figures:                                         $ Retail     Net Sales                     170,000.00 Profit                               6,000.00 Expenses                      70,000.00 Employee discounts         400.00 Markdowns                    5,200.00 Shortages                          600.00   Find Reductions Percent

For a department having the following figures:              …

For a department having the following figures:                                         $ Retail     Net Sales                     170,000.00 Profit                               6,000.00 Expenses                      70,000.00 Employee discounts         400.00 Markdowns                    5,200.00 Shortages                          600.00   Find Reductions

Determine Reductions for the following planned figures:     …

Determine Reductions for the following planned figures:                           Profit                             5.00%                         Expenses                     39.10%                         Employee Discounts    7.80%                         Markdowns                 24.50%                         Shortages                    3.00%                         Alterations                  0.50%                         Cash Discounts          2.60%

Find the gross margin percent for a department with the foll…

Find the gross margin percent for a department with the following figures: Net Sales                                       $875,000 Alterations                                       $3,200 Cash Discounts                                  $5,600 Gross Cost of Merch. Sold           $410,700