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Which of the following terms indicates how much merchandise has been sold in dollars, what is actually and finally collected from customers?

Pricing of product is dependent on which of the following factors?

The Net Sales percent is typically not “given” because it is always

Select the correct definition to match each merchandising term.

Justin has achieved sales of $15,250.00 this week, which was an increase of 6.50% over his sales last week. What were Justin’s sales last week?

Retailer J had sales for the spring season of $4,900,000.  Missy dress net sales were $245,000 and shoe sales were 4.2%. Calculate (a) the percentage for the dress sales and (b) the net sales dollars for shoes.

You may use ONLY the following during the test

You must use a Chrome browser for the Retail Merchandising 1 test so that honorlock works correctly.

For a retail operation with the following figures: Net Sales                                $500,000.00 Cost of Merchandise Sold    $325,600.00 Direct Expenses                  $100,000.00 Indirect Expenses                    $ 75,000.00 Find Contribution dollar.

The Boy’s department actual year-end results are as follows:             Net Sales                        $500,000             Gross margin                    150,000 What are (a) Cost of Merchandise Sold in dollars and (b) Gross margin percent and (c) Net Sales Percent?