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%
Blog
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
Sales for May were $8,475.00. Calculate the markdown percent…
Sales for May were $8,475.00. Calculate the markdown percent if the buyer took the following markdowns during the month: 21 shirts marked down from $38.00 to $21.00 47 shorts marked down from $25.00 to $17.00
Given the terms noted for each question, how much should be…
Given the terms noted for each question, how much should be remitted on June 15 with an invoice of $5,000?
Using the following figures, determine (a) maintained markup…
Using the following figures, determine (a) maintained markup dollar and (b) maintained markup percent. Net Sales $600,000 Alterations $11, 000 Cash Discounts $9,000 Gross Cost of Merch. Sold $325,000
Which is the correct order that various types of markups are…
Which is the correct order that various types of markups are calculated?
Keystone markup means?
Keystone markup means?
The buyer for housewares reduced 29 copper kettles from $28….
The buyer for housewares reduced 29 copper kettles from $28.00 to $17.99 each for a special sale. During the sale 11 of the kettles were sold. After the sale, the remaining kettles were marked back up to $28.00. What was (a) total markdown, (b) markdown cancellation, and (c) net markdown?
Using the following figures, determine gross margin percent….
Using the following figures, determine gross margin percent. Net Sales $600,000 Alterations $11, 000 Cash Discounts $9,000 Gross Cost of Merch. Sold $325,000
Select the best ‘series’ of trade discounts (e.g. the series…
Select the best ‘series’ of trade discounts (e.g. the series that most benefits the buyer):